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

Acres Commercial Realty

29/02/2024 04:36

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 60 cents.  The mean expectation of
two analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 37 cents to 58
cents per share.
    * Revenue fell 3.4% to $22.45 million from a year ago;
analysts
expected $19.60 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
20 cents​.
    * The company reported quarterly net income of $1.7 million.
    * Acres Commercial Realty Corp shares had risen by 9.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $13.25 

This summary was machine generated from LSEG data February 29 at
04:35 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.48           0.55           Beat
 Sep. 30 2023      0.46           0.73           Beat
 Jun. 30 2023      0.44           0.60           Beat
 Mar. 31 2023      0.46           0.52           Beat