Ares Comml Real Est Q3 Adj. EPS $0.25 Beats $0.21 Estimate, Sales $23.88M Miss $25.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Comml Real Est (NYSE:ACRE) reported Q3 earnings of $0.25 per share, beating the analyst consensus estimate of $0.21 by 19.05%. However, this is a 35.9% decrease from the same period last year. The company's quarterly sales were $23.88 million, missing the analyst consensus estimate of $25.32 million by 5.68%, and marking a 12.42% decrease from the same period last year.
November 03, 2023 | 10:03 am
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Ares Comml Real Est's Q3 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
Ares Comml Real Est's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimates and YoY decrease could be a cause for concern, potentially leading to a mixed market reaction.
CONFIDENCE 90
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RELEVANCE 100