Ares Commercial Real Estate Corp reports results for the quarter ended June 30 - Earnings Summary
Ares Commercial Real Estate Corp reports results for the quarter ended June 30 - Earnings Summary
Ares Commercial Real Estate Corp ACRE.N reported quarterly adjusted earnings of 8 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of eight analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from -4 cents to 12 cents per share.
Revenue rose 14.3% to $14.36 million from a year ago; analysts expected $12.54 million.
Ares Commercial Real Estate Corp's reported EPS for the quarter was 8 cents.
The company reported quarterly net income of $4.52 million.
Ares Commercial Real Estate Corp shares had fallen by 5.6% this quarter and lost 11.1% so far this year.
FORECAST CHANGES
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
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Ares Commercial Real Estate Corp is $5.25, about 19% above its last closing price of $4.25
This summary was machine generated from LSEG data August 4 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.05 | 0.08 | Beat |
Mar. 31 2026 | 0.05 | -0.17 | Missed |
Dec. 31 2025 | 0.01 | -0.07 | Missed |
Sep. 30 2025 | 0.02 | 0.08 | Beat |
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