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CubeSmart (CUBE) Stock Sinks As Market Gains: What You Should Know
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CubeSmart (CUBE - Free Report) closed the most recent trading day at $50.47, moving -0.36% from the previous trading session. This change lagged the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 0.18%.
Prior to today's trading, shares of the self-storage company had gained 4.63% over the past month. This has outpaced the Finance sector's loss of 0.17% and the S&P 500's gain of 0.88% in that time.
CubeSmart will be looking to display strength as it nears its next earnings release. On that day, CubeSmart is projected to report earnings of $0.58 per share, which would represent year-over-year growth of 23.4%. Our most recent consensus estimate is calling for quarterly revenue of $235.52 million, up 24.72% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.42 per share and revenue of $973.91 million, which would represent changes of +14.69% and +25.59%, respectively, from the prior year.
Any recent changes to analyst estimates for CubeSmart should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.63% higher within the past month. CubeSmart currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, CubeSmart is holding a Forward P/E ratio of 20.92. This valuation marks a premium compared to its industry's average Forward P/E of 15.36.
Meanwhile, CUBE's PEG ratio is currently 2.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CUBE's industry had an average PEG ratio of 2.81 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CubeSmart (CUBE) Stock Sinks As Market Gains: What You Should Know
CubeSmart (CUBE - Free Report) closed the most recent trading day at $50.47, moving -0.36% from the previous trading session. This change lagged the S&P 500's daily gain of 1.17%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 0.18%.
Prior to today's trading, shares of the self-storage company had gained 4.63% over the past month. This has outpaced the Finance sector's loss of 0.17% and the S&P 500's gain of 0.88% in that time.
CubeSmart will be looking to display strength as it nears its next earnings release. On that day, CubeSmart is projected to report earnings of $0.58 per share, which would represent year-over-year growth of 23.4%. Our most recent consensus estimate is calling for quarterly revenue of $235.52 million, up 24.72% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.42 per share and revenue of $973.91 million, which would represent changes of +14.69% and +25.59%, respectively, from the prior year.
Any recent changes to analyst estimates for CubeSmart should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.63% higher within the past month. CubeSmart currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, CubeSmart is holding a Forward P/E ratio of 20.92. This valuation marks a premium compared to its industry's average Forward P/E of 15.36.
Meanwhile, CUBE's PEG ratio is currently 2.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. CUBE's industry had an average PEG ratio of 2.81 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.