Ares Commercial Real: Q3 Earnings Insights

Ares Commercial Real ACRE reported its Q3 earnings results on Wednesday, November 3, 2021 at 08:00 AM.

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

Ares Commercial Real their estimated earnings by 12.12%, reporting an EPS of $0.37 versus an estimate of $0.33, which surprised analysts.

Revenue was up $4,830,000 from the same period last year.

Last quarter the company beat on EPS by $0.02, which was followed by a 1.89% drop in the share price the next day.

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

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.35	0.37	0.35	0.24
EPS Actual	0.37	0.40	0.41	0.31
Revenue Estimate	20.00M	18.11M	17.76M	17.15M
Revenue Actual	23.53M	21.22M	21.20M	22.37M

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