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

Ares Commercial Real Estate

03/05/2022 14:31

* Ares Commercial Real Estate Corp  ACRE.N  reported
quarterly
adjusted earnings of 34 cents​​ per share for the quarter ended
in March. The mean expectation of six analysts for the quarter
was for earnings of 36 cents per share.
    * Revenue rose 94.1% to $36.04 million from a year ago; 
analysts
expected $22.05 million. 
    * Ares Commercial Real Estate Corp's reported EPS for the
quarter
was 34 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ares Commercial Real Estate Corp shares had fallen by 5.0%
this
quarter and gained 1.4% so far this year.
    * The company reported quarterly net income of $16.2
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 May 3 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated