Ares Commercial Real ACRE reported its Q4 earnings results on Tuesday, February 15, 2022 at 06:00 AM.
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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 |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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