Ares Commercial Real Estate Corp expected to post earnings of 19  cents a share - Earnings Preview

Ares Commercial Real Estate

01/11/2023 18:31

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a fall in quarterly revenue when it reports  results on
November 3. 
    * The Chicago Illinois-based  company is expected to report 
a
7.2% decrease in revenue to $25.317 million from $27.27 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Ares Commercial
Real
Estate Corp is for earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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​, above​ its last closing price
of $9.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.33        0.32       0.01      Missed  -96.9
 ​​Jun.        0.31        0.31       0.20      Missed  -36.4
 30 2022                                                
 Mar. 31 2022  0.36        0.36       0.34      Missed  -5.6​
 Dec. 31 2021  0.37        0.37       0.41      Beat    12
 Sep. 30 2021  0.35        0.34       0.37      Beat    8.9
 This summary was machine generated November 1 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated