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

Acres Commercial Realty

06/05/2022 23:10

* Acres Commercial Realty Corp  ACR.N  reported a quarterly
adjusted loss of 25 cents​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for earnings of 31 cents per share.
    * Revenue fell 18.9% to $10.29 million from a year ago; 
analysts
expected $13.85 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
a loss of 30 cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.3%
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 fallen by 13.0%
this
quarter and lost 6.4% so far this year.
    * The company reported a quarterly loss of $2.77 million.
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $18.00 
    * 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 May 6 at 10:10 p.m.  ​All
figures in US dollars unless otherwise stated