Ares Commercial Real Estate Corp expected to post a loss of 1 cent a share - Earnings Preview

Ares Commercial Real Estate

09/02/2024 14:20

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a fall in quarterly revenue when it reports  results on
February 13 (estimated) for the period ending December 31 2023
    * The Chicago Illinois-based  company is expected to report
a
21.4% decrease in revenue to $23.892 million from $30.41 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. (SAL represents Net Intereset Income basis)
    * ​LSEG's mean analyst estimate for Ares Commercial Real
Estate
Corp is for a loss of 1 cent per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $10.25​, above​ its last closing price
of $8.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.18        0.19       0.17      Missed  -11.3
 Jun. 30 2023  0.27        0.28       -0.04     Missed  -114.4
 Mar. 31 2023  0.21        0.23       -0.12     Missed  -152.3
                                                        ​
 Dec. 31 2022  0.33        0.33       0.05      Missed  -85
 ​​Sep.        0.33        0.32       0.01      Missed  -96.9
 30 2022                                                
 Jun. 30 2022  0.31        0.31       0.20      Missed  -36.4​
 Mar. 31 2022  0.36        0.36       0.34      Missed  -5.6
 Dec. 31 2021  0.37        0.37       0.41      Beat    12
 This summary was machine generated February 9 at 14:20 GMT.  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)