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.
Earnings
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.
Past Earnings Performance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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