Recap: Ares Commercial Real Estate Q3 Earnings

Recap: Ares Commercial Real Estate Q3 Earnings

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.

Posted In: BZI-RecapsEarnings