Acres Commercial Realty Corp expected to post earnings of 39 cents a share - Earnings Preview

Acres Commercial Realty

29/10/2024 02:56

* Acres Commercial Realty Corp  ACR.N   ACR  is expected
to show a
fall in quarterly revenue when it reports  results on October 30
for the period ending September 30 2024
    * The Uniondale New York-based  company is expected to
report a
12.2% decrease in revenue to $21.081 million from $24.01 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Acres Commercial Realty
Corp
is for earnings of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 18.75​, above​ its last closing price of $15.12.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.45        0.46       0.51      Beat    10.9
 Mar. 31 2024  0.47        0.46       0.16      Missed  -65.2
 Dec. 31 2023  0.58        0.48       0.55      Beat    15.8​
 Jan. 1 0001   0.53        0.46       0.73      Beat    58.7
 ​​Jun.        0.47        0.44       0.60      Beat    36.4
 30 2023                                                
 Jan. 1 0001   0.58        0.46       0.52      Beat    14.3​
 Dec. 31 2022  0.45        0.46       0.60      Beat    30.4
 Jan. 1 0001   0.33        0.34       0.40      Beat    17.6
 This summary was machine generated October 29 at 02:56 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)