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ACRE — Ares Commercial Real Estate News Story

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Ares Commercial Real Estate Corp expected to post earnings of 2 cents a share - Earnings Preview

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
February 12 for the period ending December 31 2024
    * The Chicago Illinois-based  company is expected to report
a
7.8% increase in revenue to $15.518 million from $14.39 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 2 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 2 "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 $6.50​, above​ its last closing price
of $5.97. ​​​

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 2024  0.01        0.04       -0.11     Missed  -348.4
 Jun. 30 2024  0.29        0.12       -0.11     Missed  -191.7
 Mar. 31 2024  -0.26       -0.23      -0.23     Met     -0.9​
 Dec. 31 2023  -0.16       -0.01      -0.73     Missed  -5,008
                                                        .5
 ​​Sep.        0.18        0.19       0.17      Missed  -11.3
 30 2023                                                
 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
 This summary was machine generated February 10 at 14:03 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)

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