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

Ares Commercial Real Estate

15/02/2022 11:45

* Ares Commercial Real Estate Corp  ACRE.N  reported
quarterly
adjusted earnings of 41 cents​​ per share for the quarter ended
in December. The mean expectation of six analysts for the
quarter was for earnings of 37 cents per share.
    * Revenue rose 35.2% to $23.86 million from a year ago; 
analysts
expected $21.73 million. 
    * Ares Commercial Real Estate Corp's reported EPS for the
quarter
was 36 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ares Commercial Real Estate Corp shares had fallen by 3.0%
this
quarter.
    * The company reported quarterly net income of $17.15
million.
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $16.50 
    * 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." 

This summary was machine generated February 15 at 11:45 a.m.
 ​All figures in US dollars unless otherwise stated