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

Ares Commercial Real Estate

30/07/2021 23:14

* Ares Commercial Real Estate Corp  ACRE.N  reported quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in June. The mean expectation of six analysts for the quarter
was for earnings of 35 cents per share.
* Revenue rose 17.7% to $19.77 million from a year ago; 
analysts expected $21.25 million. 
* Ares Commercial Real Estate Corp's reported EPS for the
quarter was 43 cents​.
* The mean earnings estimate of analysts had risen by about 1.2%
in the last three months.​ 
* In the last 30 days three analysts negatively revised earnings
estimates 
* Ares Commercial Real Estate Corp shares had risen by 4.6% this
quarter and gained 29.4% so far this year.
* The company reported quarterly net income of $17.62 million.
* Wall Street's median 12-month price target for Ares Commercial
Real Estate Corp is $16.25 
* 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 July 30 at 10:14 p.m.  ​All
figures in US dollars unless otherwise stated