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

Acres Commercial Realty

08/05/2021 01:07

* Acres Commercial Realty Corp  ACR.N  reported a quarterly
adjusted loss of 1 cents​​ per share for the quarter ended
in March. The mean expectation of two analysts for the quarter
was for earnings of 10 cents per share.
* Revenue fell 14.9% to $12.70 million from a year ago​; 
analysts expected $9.20 million.
* Acres Commercial Realty Corp's reported EPS for the quarter
was $1.03​.
* The mean earnings estimate of analysts had fallen by
about 4.8% 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 5.8% this
quarter and gained 28.9% so far this year.
* The company reported quarterly net income of $10.47 million.
* Wall Street's median 12-month price target for Acres
Commercial Realty Corp is $16.75 
* 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 May 8 at 12:07 a.m. GMT. ​All
figures in US Dollars.​