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

Ares Commercial Real Estate

03/11/2021 14:05

* Ares Commercial Real Estate Corp  ACRE.N  reported quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in September. The mean expectation of six analysts for the
quarter was for earnings of 34 cents per share.
* Revenue rose 13.9% to $21.35 million from a year ago; 
analysts expected $20.93 million. 
* Ares Commercial Real Estate Corp's reported EPS for the
quarter was 21 cents​.
* The mean earnings estimate of analysts had fallen by
about 0.1% in the last three months.​ 
* In the last 30 days two analysts negatively revised earnings
estimates 
* Ares Commercial Real Estate Corp shares had risen by 3.7% this
quarter and gained 31.9% so far this year.
* The company reported quarterly net income of $9.95 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 November 3 at 02:05 p.m.
 ​All figures in US dollars unless otherwise stated