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

Acres Commercial Realty

03/08/2023 03:19

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 44 cents per share.
    * Revenue rose 17.7% to $23.62 million from a year ago;
analysts
expected $18.95 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.4%
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 0.1% this
quarter and gained 7.1% so far this year.
    * The company reported quarterly net income of $817
thousand.
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $12.50 
    * 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 LSEG Refinitiv data
August 3 at 02:19 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.44           0.60           Beat
 Mar. 31 2023      0.46           0.52           Beat
 Dec. 31 2022      0.46           0.60           Beat
 Sep. 30 2022      0.34           0.40           Beat