Recap: ACRES Commercial Realty Q1 Earnings

ACRES Commercial Realty ACR reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

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

Earnings

ACRES Commercial Realty beat estimated earnings by 15.56%, reporting an EPS of $0.52 versus an estimate of $0.45.

Revenue was up $10.13 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 1.99% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.46 0.34 0.33 0.31
EPS Actual 0.60 0.40 0.45 -0.25
Revenue Estimate 18.55M 17.35M 13.25M 13.85M
Revenue Actual 23.24M 20.94M 20.07M 10.92M

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.

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