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

Ares Commercial Real Estate

02/05/2023 14:30

* Ares Commercial Real Estate Corp  ACRE.N  reported a
quarterly
adjusted loss of 12 cents​​ per share for the quarter ended in
March. The mean expectation of seven analysts for the quarter
was for earnings of 23 cents per share.
    * Revenue rose 24.1% to $26.50 million from a year ago;
analysts
expected $28.26 million. 
    * Ares Commercial Real Estate Corp's reported EPS for the
quarter
was a loss of 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 36.2%
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 6.2%
this
quarter and lost 16.9% so far this year.
    * The company reported a quarterly loss of $6.44 million.
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.23           -0.12          Missed
 Dec. 31 2022      0.33           0.05           Missed
 Sep. 30 2022      0.32           0.01           Missed
 Jun. 30 2022      0.31           0.20           Missed