VSubeSmart (CUBE) closed the last trading day at $52.78, which is -1.58% from the previous trading session. That move was narrower than the S&P 500’s 2.77% daily loss. At the same time, the Dow Jones lost 2.82% and the tech-heavy Nasdaq lost 0.83%.
Going into today, shares of the self-storage company had gained 6.37% in the past month, outpacing the financial sector’s 2.69% loss and 1. 35% of the S&P 500 during this period.
CubeSmart will look to show strength ahead of its next earnings release, which is expected on April 28, 2022. In the report, analysts expect CubeSmart to post earnings of $0.57 per share . This would mark a year-over-year growth of 21.28%. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $235.29 million, up 24.6% from the prior year period.
Zacks consensus estimates for CUBE’s full year call for earnings of $2.46 per share and revenue of $970.11 million. These results would represent year-over-year variations of +16.59% and +25.1%, respectively.
Any recent changes in analyst estimates for CubeSmart should also be noted by investors. These revisions generally reflect the latest short-term trading trends, which may change frequently. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.
The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success with #1 stocks delivering an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has increased by 1.29%. CubeSmart currently sports a Zacks rank of #3 (Hold).
In terms of valuation, CubeSmart is currently trading at a forward P/E ratio of 21.79. This valuation marks a premium compared to the average Forward P/E of its sector of 15.52.
It should also be noted that CUBE currently has a PEG ratio of 2.87. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. CUBE’s industry had an average PEG ratio of 2.91 at yesterday’s close.
The REITs and Equity Trusts – Other segment is part of the Finance segment. This group has a Zacks industry ranking of 90, which places it in the top 36% of over 250 industries.
The Zacks Industry Ranking assesses the strength of our individual industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.