Ares Commercial Real Estate Corp expected to post earnings of 31  cents a share - Earnings Preview

Ares Commercial Real Estate

27/07/2022 14:51

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
July 29. 
    * The Chicago Illinois-based  company is expected to report 
a
11.3% increase in revenue to $22 million from $19.77 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 31 cents per share. For the same
quarter last year, the company reported earnings of 37 cents per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 $16​, above​ its last closing price
of $13.16. ​​​
    * 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 2022  0.36        0.36       0.34      Missed  -5.6
 Dec. 31 2022  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
 ​​Mar.        0.37        0.36       0.40      Beat    11.6
 31 2021                                                
 Dec. 31 2020  0.35        0.35       0.41      Beat    16.3​
 Sep. 30 2020  0.23        0.24       0.43      Beat    83
 Jun. 30 2020  0.23        0.25       0.32      Beat    26.8
 This summary was machine generated July 27 at 13:51 GMT.  All
figures in US dollars  unless otherwise stated