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

Ares Commercial Real Estate

02/11/2022 13:34

* Ares Commercial Real Estate Corp  ACRE.N  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in September. The mean expectation of six analysts for the
quarter was for earnings of 32 cents per share.
    * Revenue rose 113.7% to $45.63 million from a year ago;
analysts
expected $24.80 million. 
    * Ares Commercial Real Estate Corp's reported EPS for the
quarter
was 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Ares Commercial Real Estate Corp shares had risen by 19.2%
this
quarter and lost 14.0% so far this year.
    * The company reported quarterly net income of $644
thousand.
    * Wall Street's median 12-month price target for Ares
Commercial
Real Estate Corp is $13.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
2 at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.32           0.39           Beat
 Jun. 30 2022      0.31           0.20           Missed
 Mar. 31 2022      0.36           0.34           Missed
 Dec. 31 2021      0.37           0.41           Beat