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Acres Commercial Realty Corp reports results for the quarter ended June 30 - Earnings Summary

Acres Commercial Realty Corp ACR.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 51 cents.  The mean expectation of two analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from -18 cents to 53 cents per share.

Revenue rose 4.5% to $21.87 million from a year ago; analysts expected $20.32 million.

Acres Commercial Realty Corp's reported EPS for the quarter was a loss of 10 cents​.

The company reported a quarterly loss of $732 thousand.

Acres Commercial Realty Corp shares had risen by 4.1% this quarter and gained 15.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 63.5% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

Wall Street's median 12-month price target for Acres Commercial Realty Corp is $22.00, about 13.1% above its last closing price of $19.11

This summary was machine generated from LSEG data July 30 at 11:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.180.04Missed
Mar. 31 20250.53-0.86Missed
Dec. 31 20240.270.48Beat
Sep. 30 20240.390.24Missed

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