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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100