Acres Commercial Realty Corp expected to post earnings of 44  cents a share - Earnings Preview

Acres Commercial Realty

01/08/2023 03:05

* Acres Commercial Realty Corp  ACR.N   ACR  is expected
to show a
fall in quarterly revenue when it reports  results on August 2. 
    * The Uniondale New York-based  company is expected to
report  a
5.6% decrease in revenue to $18.95 million from $20.07 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 44 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 $12.5​, above​ its last closing price of $8.83.
​​​

This summary was machine generated August 1 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated