Ares Comml Real Est Q2 EPS $0.35 Beats $0.28 Estimate, Sales $24.99M Miss $26.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Comml Real Est (NYSE:ACRE) reported Q2 earnings of $0.35 per share, beating the analyst consensus estimate of $0.28 by 25%. However, the company's quarterly sales of $24.99 million missed the analyst consensus estimate of $26.47 million by 5.59%.
August 04, 2023 | 10:45 am
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Ares Comml Real Est's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Ares Comml Real Est's earnings beat could boost investor confidence, but the sales miss might raise concerns about the company's revenue generation capabilities. This could lead to mixed market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100