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

Acres Commercial Realty

04/05/2022 02:59

* Acres Commercial Realty Corp  ACR.N   ACR  is expected
to show a
rise in quarterly revenue when it reports  results on May 5. 
    * The Uniondale New York-based  company is expected to
report  a
9.1% increase in revenue to $13.85 million from $12.7 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 a loss of 1 cent 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 $18​, above​ its last closing price of $11.85.
​​​

This summary was machine generated May 4 at 01:59 GMT.  All
figures in US dollars  unless otherwise stated