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

Ares Commercial Real Estate

28/04/2023 18:12

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
May 2. 
    * The Chicago Illinois-based  company is expected to report 
a
32.4% increase in revenue to $28.26 million from $21.35 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ares Commercial
Real
Estate Corp is for earnings of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $13​, above​ its last closing price
of $8.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.33        0.33       0.05      Missed  -85
 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
 ​​Dec.        0.37        0.37       0.41      Beat    12
 31 2021                                                
 Sep. 30 2021  0.35        0.34       0.37      Beat    8.9​
 Jun. 30 2021  0.35        0.35       0.37      Beat    6.1
 Mar. 31 2021  0.37        0.36       0.40      Beat    11.6
 This summary was machine generated April 28 at 17:12 GMT.  All
figures in US dollars  unless otherwise stated