Ares Commercial Real Estate Corp expected to post earnings of 28  cents a share - Earnings Preview

Ares Commercial Real Estate

31/07/2023 18:22

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
August 2. 
    * The Chicago Illinois-based  company is expected to report 
a
5.3% increase in revenue to $26.475 million from $25.15 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ares Commercial
Real
Estate Corp is for earnings of 28 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $10.5​, below​ its last closing price
of $10.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.21        0.23       -0.12     Missed  -152.3
 Dec. 31 2023  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.        0.36        0.36       0.34      Missed  -5.6
 31 2022                                                
 Dec. 31 2021  0.37        0.37       0.41      Beat    12​
 Sep. 30 2021  0.35        0.34       0.37      Beat    8.9
 Jun. 30 2021  0.35        0.35       0.37      Beat    6.1
 This summary was machine generated July 31 at 17:22 GMT.  All
figures in US dollars  unless otherwise stated