Acres Commercial Realty Corp expected to post earnings of 48 cents a share - Earnings Preview

Acres Commercial Realty

26/02/2024 23:21

* Acres Commercial Realty Corp  ACR.N   ACR  is expected
to show a
fall in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Uniondale New York-based  company is expected to
report a
15.7% decrease in revenue to $19.6 million from $23.24 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 48 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 $13.25​, above​ its last closing price of $10.57.
​​​

This summary was machine generated February 26 at 23:20 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)