Acres Commercial Realty Corp reports results for the quarter ended in December - Earnings Summary

Acres Commercial Realty

02/03/2023 23:05

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 46 cents per share.
    * Revenue rose 50.5% to $23.24 million from a year ago;
analysts
expected $18.55 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
a loss of 87 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.7%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Acres Commercial Realty Corp shares had risen by 16.3%
this
quarter.
    * The company reported a quarterly loss of $7.43 million.
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $13.50 
    * 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." 

This summary was machine generated from Refinitiv data March 2
at 11:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.46           0.60           Beat
 Sep. 30 2022      0.34           0.40           Beat
 Jun. 30 2022      0.19           0.45           Beat
 Mar. 31 2022      0.31           -0.25          Missed