Ares Commercial Real Estate Corp expected to post a loss of 23 cents a share - Earnings Preview

Ares Commercial Real Estate

07/05/2024 16:10

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a fall in quarterly revenue when it reports  results on
May 9 for the period ending March 31 2024
    * The Chicago Illinois-based  company is expected to report
a
35.5% decrease in revenue to $17.08 million from $26.5 million a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Ares Commercial Real
Estate
Corp is for a loss of 23 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "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 $7.50​, above​ its last closing price
of $6.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.16       -0.01      -0.73     Missed  -5,008
                                                        .5
 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.        0.33        0.33       0.05      Missed  -85
 31 2022                                                
 Sep. 30 2022  0.33        0.32       0.01      Missed  -96.9​
 Jun. 30 2022  0.31        0.31       0.20      Missed  -36.4
 Mar. 31 2022  0.36        0.36       0.34      Missed  -5.6
 This summary was machine generated May 7 at 15:10 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)