Ares Commercial Real Estate (ACRE) Lags Q3 Earnings and Revenue Estimates
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Ares Commercial Real Estate (ACRE) reported Q3 earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11. This is a significant drop from $0.25 per share a year ago.
November 07, 2024 | 1:30 pm
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Ares Commercial Real Estate (ACRE) reported Q3 earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11. This is a significant drop from $0.25 per share a year ago.
The earnings miss and significant year-over-year decline in EPS are likely to negatively impact ACRE's stock price in the short term. Investors may react to the underperformance compared to estimates and previous year's earnings.
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IMPORTANCE 80
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