ACRES Commercial Realty: Q4 Earnings Insights - ACRES Commercial Realty (NYSE:ACR)

ACRES Commercial Realty ACR reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

ACRES Commercial Realty beat estimated earnings by 17.0%, reporting an EPS of $0.55 versus an estimate of $0.47.

Revenue was down $796 thousand from the same period last year.

Last quarter the company beat on EPS by $0.27 which was followed by a 5.0% increase in the share price the next day.

Here's a look at ACRES Commercial Realty's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.46	0.44	0.45	0.46
EPS Actual	0.73	0.60	0.52	0.60
Revenue Estimate	19.40M	18.95M	18.40M	18.55M
Revenue Actual	24.01M	23.62M	21.06M	23.24M

To track all earnings releases for ACRES Commercial Realty visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.