Ares Comml Real Est Earnings Preview
Portfolio Pulse from Benzinga Insights
Ares Comml Real Est (NYSE:ACRE) is scheduled to release its quarterly earnings report on February 22, 2024, with an estimated EPS of $-0.01. Investors are hopeful for a beat on this estimate and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses, with varying impacts on stock price. Currently, ACRE shares are trading at $8.2, down 29.35% over the last year, indicating potential concern among long-term shareholders.
February 21, 2024 | 5:02 pm
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Ares Comml Real Est (ACRE) is expected to report an EPS of $-0.01 for the upcoming quarter. Past performance shows mixed results, with the stock currently down 29.35% over the last year.
Given ACRE's mixed past earnings performance and the current negative yearly return, the upcoming earnings report is crucial. However, the estimated EPS of $-0.01 sets a low bar, potentially allowing for a positive surprise. The stock's performance post-earnings will likely hinge on the company's ability to beat this estimate and provide optimistic future guidance. The historical data suggests that ACRE's stock price can react variably to earnings reports, making the short-term impact uncertain.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100