Acres Commercial Realty Corp expected to post earnings of 31 cents a share - Earnings Preview

Acres Commercial Realty

03/08/2021 03:00

* Acres Commercial Realty Corp  ACR.N   ACR  is expected to show
a fall in quarterly revenue when it reports results on August
4. 
* The Westbury, New York-based company is expected to report   a
31.4% decrease in revenue to $10.1 million from $14.72 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Acres Commercial Realty
Corp is for earnings of 31 cents per share. For the same quarter
last year, the company reported earnings of 72 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Acres
Commercial Realty Corp is $20​, about 11.3% above​ its last
closing price of $17.75. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.23        0.10       -0.01     Missed  -110
 Dec. 31 2020  0.24        0.23       0.28      Beat    24.4
 Sep. 30 2020  0.24        0.29       0.51      Beat    78.9​
 Jun. 30 2020  0.18        0.54       0.72      Beat    33.3
 Mar.          0.90​       0.90       0.69      Missed  -23.3​
 31​ 2020​                                              
 Dec. 31 2019  0.87        0.90       0.69      Missed  -23.3​
 Sep. 30 2019  0.87        0.84       0.93      Beat    10.7
 Jun. 30 2019  0.69        0.69       0.84      Beat    21.7
 This summary was machine generated August 3 at 02:00 GMT.  All
figures in US dollars unless otherwise stated