Ares Commercial Real (NYSE: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.
Earnings
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.
Past Earnings Performance
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.
