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

Acres Commercial Realty

08/08/2021 20:31

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in June. The mean expectation of two analysts for the quarter
was for earnings of 31 cents per share.
* Revenue fell 33.1% to $9.84 million from a year ago;  analysts
expected $10.10 million. 
* Acres Commercial Realty Corp's reported EPS for the quarter
was $1.04​.
* The mean earnings estimate of analysts had risen by
about 244.4% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Acres Commercial Realty Corp shares had risen by 10.0% this
quarter and gained 47.6% so far this year.
* The company reported quarterly net income of $10.07 million.
* Wall Street's median 12-month price target for Acres
Commercial Realty Corp is $20.00 
* 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 August 8 at 07:31 p.m.  ​All
figures in US dollars unless otherwise stated