Recap: Ares Commercial Real Estate Q3 Earnings

Ares Commercial Real ACRE reported its Q3 earnings results on Wednesday, November 2, 2022 at 06:00 AM.

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

Ares Commercial Real beat estimated earnings by 21.88%, reporting an EPS of $0.39 versus an estimate of $0.32.

Revenue was up $67 thousand from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 1.15% drop in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.32	0.36	0.37	0.33
EPS Actual	0.38	0.34	0.41	0.37
Revenue Estimate	22.00M	22.55M	21.73M	20.50M
Revenue Actual	25.15M	24.02M	30.11M	27.20M

To track all earnings releases for Ares Commercial Real visit their earnings calendar here.

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

Earnings Calendar