Recap: ACRES Commercial Realty Q1 Earnings

ACRES Commercial Realty ACR reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

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

ACRES Commercial Realty beat estimated earnings by 15.56%, reporting an EPS of $0.52 versus an estimate of $0.45.

Revenue was up $10.13 million from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 1.99% drop in the share price the next day.

Here's a look at ACRES Commercial Realty's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.46	0.34	0.33	0.31
EPS Actual	0.60	0.40	0.45	-0.25
Revenue Estimate	18.55M	17.35M	13.25M	13.85M
Revenue Actual	23.24M	20.94M	20.07M	10.92M

To track all earnings releases for ACRES Commercial Realty visit their earnings calendar here.

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

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