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

Acres Commercial Realty

04/05/2023 03:13

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 46 cents per share.
    * Revenue rose 104.6% to $21.06 million from a year ago;
analysts
expected $18.40 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
a loss of 28 cents​.
    * The mean earnings estimate of analysts had risen by
about 28.2%
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 19.2%
this
quarter and lost 5.0% so far this year.
    * The company reported a quarterly loss of $2.42 million.
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $13.75 
    * 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 from LSEG Refinitiv data May
4 at 02:12 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.46           0.52           Beat
 Dec. 31 2022      0.46           0.60           Beat
 Sep. 30 2022      0.34           0.40           Beat
 Jun. 30 2022      0.19           0.45           Beat