Ares Commercial Real Estate Corp expected to post earnings of 33cents a share - Earnings Preview

Ares Commercial Real Estate

13/02/2023 13:59

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is
expected
to show a rise in quarterly revenue when it reports  results on
February 15. 
    * The Chicago Illinois-based  company is expected to report 
a
14.6% increase in revenue to $27.36 million from $23.86 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 33 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 $13.25​, above​ its last closing price
of $11.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.37        0.37       0.41      Beat    12
 ​​Sep.        0.35        0.34       0.37      Beat    8.9
 30 2021                                                
 Jun. 30 2021  0.35        0.35       0.37      Beat    6.1​
 Mar. 31 2021  0.37        0.36       0.40      Beat    11.6
 Dec. 31 2020  0.35        0.35       0.41      Beat    16.3
 This summary was machine generated February 13 at 13:59 GMT. 
All figures in US dollars  unless otherwise stated