Ares Commercial Real: Q2 Earnings Insights

Ares Commercial Real: Q2 Earnings Insights

 

Ares Commercial Real ACRE reported its Q2 earnings results on Friday, July 29, 2022 at 06:00 AM.

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

Earnings

Ares Commercial Real beat estimated earnings by 18.75%, reporting an EPS of $0.38 versus an estimate of $0.32.

Revenue was up $1.61 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 2.28% increase in the share price the next day.

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

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.36 0.37 0.33 0.35
EPS Actual 0.34 0.41 0.37 0.37
Revenue Estimate 22.55M 21.73M 20.50M 20.00M
Revenue Actual 24.02M 30.11M 27.20M 23.53M

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.

Posted In: BZI-RecapsEarningsNews