Ares Commercial Real Estate Corp expected to post earnings of 12 cents a share - Earnings Preview

Ares Commercial Real Estate

02/08/2024 16:30

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a fall in quarterly revenue when it reports  results on
August 6 for the period ending June 30 2024
    * The Chicago Illinois-based  company is expected to report
a
24.7% decrease in revenue to $18.823 million from $24.99 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 earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"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 $7.00​, below​ its last closing price
of $7.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.26       -0.23      -0.23     Met     -0.9
 Jan. 1 2024   -0.16       -0.01      -0.73     Missed  -11.3
 Jan. 1 0001   0.18        0.19       0.17      Missed  -11.3​
 Mar. 31 2023  0.21        0.28       -0.04     Missed  
 ​​Mar.        0.21        0.23       -0.12     Missed  -152.3
 31 2023                                                
 Jan. 1 0001   0.33        0.33       0.05      Missed  -85​
 Sep. 30 2022  0.33        0.32       0.01      Missed  -96.9
 Jan. 1 0001   0.31        0.31       0.20      Missed  -36.4
 This summary was machine generated August 2 at 15:29 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)