CubeSmart Earnings: Here’s Why Investors are Buying Shares Now

CubeSmart (NYSE:CUBE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.94%.

CubeSmart Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 27.78% to $0.23 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 19.87% to $82.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CubeSmart reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $78.91 million.

Quoting Management: CubeSmart Chief Executive Officer Dean Jernigan commented, “Self-storage industry fundamentals remain incredibly attractive and, combined with our deep and sophisticated platform, have supported the continuation of strong results for the Company.”

Key Stats (on next page)…

Revenue increased 5.15% from $78.27 million in the previous quarter. EPS increased 15% from $0.20 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.22 and has not changed. For the current year, the average estimate is a profit of $0.86, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)