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Ares Commercial Real: Q4 Earnings Insights

NYSE

 

Ares Commercial Real (NYSE:ACRE) reported its Q4 earnings results on Tuesday, February 15, 2022 at 06:00 AM.

Check out this: Executives Buy Around $93M Of 3 Stocks

Here's what investors need to know about the announcement.

Earnings

Ares Commercial Real beat estimated earnings by 10.81%, reporting an EPS of $0.41 versus an estimate of $0.37.

Revenue was up $8.91 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04, which was followed by a 2.3% drop in the share price the next day.

Here's a look at Ares Commercial Real's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.33 0.35 0.37 0.35
EPS Actual 0.37 0.37 0.40 0.41
Revenue Estimate 20.50M 20.00M 18.11M 17.76M
Revenue Actual 27.20M 23.53M 21.22M 21.20M

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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