Recap: Ares Commercial Real Q1 Earnings - Ares Comml Real Est (NYSE:ACRE)

Ares Commercial Real ACRE reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:00 AM.

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

Ares Commercial Real missed estimated earnings by 5.56%, reporting an EPS of $0.34 versus an estimate of $0.36.

Revenue was up $2.80 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 0.27% increase in the share price the next day.

Here's a look at Ares Commercial Real's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.37	0.33	0.35	0.37
EPS Actual	0.41	0.37	0.37	0.40
Revenue Estimate	21.73M	20.50M	20.00M	18.11M
Revenue Actual	30.11M	27.20M	23.53M	21.22M

To track all earnings releases for Ares Commercial Real visit their earnings calendar here.

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