Ares Commercial Real Estate Corp expected to post earnings of 34 cents a share - Earnings Preview

Ares Commercial Real Estate

01/11/2021 16:45

* Ares Commercial Real Estate Corp  ACRE.N   ACRE.K  is expected
to show a rise in quarterly revenue when it reports  results on
November 3. 
* The New York City, New York-based company is expected to
report  a 11.6% increase in revenue to $20.933 million from
$18.75 million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Ares Commercial Real
Estate Corp is for earnings of 34 cents per share. For the same
quarter last year, the company reported earnings of 43 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 $16.5​, about 5.3% above​ its last closing
price of $15.62. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.35        0.35       0.37      Beat    6.1
 Mar. 312021   0.37        0.36       0.40      Beat    11.6
 Dec. 312020   0.35        0.35       0.41      Beat    16.3​
 Sep. 302020   0.23        0.24       0.43      Beat    83
 ​​Jun.        0.23        0.25       0.32      Beat    26.8
 302020                                                 
 Mar. 312020   0.34        0.34       0.32      Missed  -5.2​
 Dec. 312019   0.37        0.36       0.37      Beat    1.8
 Sep. 302019   0.33        0.33       0.34      Beat    2.5
 This summary was machine generated November 1 at 16:45 GMT.  All
figures in US dollars unless otherwise stated