Ares Commercial Real ACRE reported its Q3 earnings results on Wednesday, November 2, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ares Commercial Real beat estimated earnings by 21.88%, reporting an EPS of $0.39 versus an estimate of $0.32.
Revenue was up $67 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 1.15% drop in the share price the next day.
Here's a look at Ares Commercial Real's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.32 | 0.36 | 0.37 | 0.33 |
EPS Actual | 0.38 | 0.34 | 0.41 | 0.37 |
Revenue Estimate | 22.00M | 22.55M | 21.73M | 20.50M |
Revenue Actual | 25.15M | 24.02M | 30.11M | 27.20M |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.