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

Acres Commercial Realty

04/11/2022 02:51

* Acres Commercial Realty Corp  ACR.N  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 34 cents per share.
    * Revenue rose 73.1% to $20.94 million from a year ago;
analysts
expected $17.35 million. 
    * Acres Commercial Realty Corp's reported EPS for the
quarter was
8 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Acres Commercial Realty Corp shares had risen by 25.0%
this
quarter and lost 18.3% so far this year.
    * The company reported quarterly net income of $713
thousand.
    * Wall Street's median 12-month price target for Acres
Commercial
Realty Corp is $13.50 
    * 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 Refinitiv data November
4 at 02:51 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.34           0.40           Beat
 Jun. 30 2022      0.19           0.45           Beat
 Mar. 31 2022      0.31           -0.25          Missed
 Dec. 31 2021      0.14           0.22           Beat