Ares Commercial Real Estate Corp expected to post earnings of 32cents a share - Earnings Preview

Ares Commercial Real Estate

31/10/2022 15:57

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
November 2. 
    * The Chicago Illinois-based  company is expected to report 
a
16.1% increase in revenue to $24.8 million from $21.35 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 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $13.5​, above​ its last closing price
of $12.31. ​​​

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 2022  0.31        0.31       0.20      Missed  -36.4
 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
 ​​Jun.        0.35        0.35       0.37      Beat    6.1
 30 2021                                                
 Mar. 31 2021  0.37        0.36       0.40      Beat    11.6​
 Dec. 31 2020  0.35        0.35       0.41      Beat    16.3
 Sep. 30 2020  0.23        0.24       0.43      Beat    83
 This summary was machine generated October 31 at 15:57 GMT.  All
figures in US dollars  unless otherwise stated