Acres Commercial Realty Corp expected to post earnings of 46 cents a share - Earnings Preview

Acres Commercial Realty

29/07/2024 22:04

* Acres Commercial Realty Corp  ACR.N   ACR  is expected
to show a
fall in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Uniondale New York-based  company is expected to
report a
10.5% decrease in revenue to $21.15 million from $23.62 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Acres Commercial Realty
Corp
is for earnings of 46 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 had risen by
about 9.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $17.75​, above​ its last closing price of $14.21.
​​​

This summary was machine generated July 29 at 21:04 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)