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ACRE — Ares Commercial Real Estate News Story

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Ares Commercial Real Estate Corp reports results for the quarter ended December 31 - Earnings Summary

* Ares Commercial Real Estate Corp  ACRE.N  reported a
quarterly
adjusted loss of 20 cents​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of -73 cents.  The mean expectation of
eight analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from -10 cents
to 14 cents per share.
    * Revenue rose 21.7% to $17.51 million from a year ago;
analysts
expected $15.52 million. 
    * Ares Commercial Real Estate Corp's reported EPS for the
quarter
was a loss of 20 cents​.
    * The company reported a quarterly loss of $10.66 million.
    * Ares Commercial Real Estate Corp shares had risen by 3.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 68%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Ares Commercial
Real Estate Corp is $6.50 
This summary was machine generated from LSEG data February 12 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.01           -0.20          Missed
 Sep. 30 2024      0.04           -0.11          Missed
 Jun. 30 2024      0.12           -0.11          Missed
 Mar. 31 2024      -0.23          -0.23          Met

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