CubeSmart (CUBE) Stocks Fall as Market Gains: What You Need to Know


VSubeSmart (CUBE) closed the last trading day at $50.47, which is -0.36% from the previous trading session. The change lagged the S&P 500’s 1.17% daily gain. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq gained 0.18%.

Prior to today’s trading, shares of the self-storage company had gained 4.63% over the past month. That outpaced the financial sector’s 0.17% loss and the S&P 500’s 0.88% gain during that period.

CubeSmart will be looking to show strength heading into its next earnings release. On that day, CubeSmart is expected to post earnings of $0.58 per share, which would represent 23.4% year-over-year growth. Our most recent consensus estimate calls for quarterly revenue of $235.52 million, up 24.72% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $2.42 per share and revenue of $973.91 million, which would represent swings of +14.69% and +25.59%, respectively, compared to the previous year.

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. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable track record of third-party audited success, with No. 1 stocks offering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has risen 0.63% over the past month. CubeSmart currently has a Zacks rank of #3 (Hold).

Regarding its valuation, CubeSmart holds a Forward P/E ratio of 20.92. This valuation marks a premium compared to the average Forward P/E of its sector of 15.36.

Meanwhile, CUBE’s PEG ratio is currently 2.78. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. CUBE’s industry had an average PEG ratio of 2.81 at yesterday’s close.

The REITs and Equity Trusts – Other segment is part of the Finance segment. This industry currently has a Zacks Industry Rank of 148, which places it in the bottom 42% of all 250+ industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.

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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.


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