Ares Commercial Real Estate Corp (ACRE, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $16.74 million, and the earnings are expected to come in at $0.04 per share. The full year 2024's revenue is expected to be $68.92 million and the earnings are expected to be -$0.21 per share. More detailed estimate data can be found on the Forecast page.
Ares Commercial Real Estate Corp (ACRE, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Ares Commercial Real Estate Corp (ACRE) for the full year 2024 have declined from $73.90 million to $68.92 million, and for 2025 from $70.98 million to $69.25 million. Earnings estimates for the full year 2024 have decreased from $0.00 per share to -$0.21 per share, and for 2025 from $0.68 per share to $0.47 per share.
Ares Commercial Real Estate Corp (ACRE, Financial) Reported History
In the previous quarter of June 30, 2024, Ares Commercial Real Estate Corp's (ACRE) actual revenue was $16.80 million, which missed analysts' revenue expectations of $18.82 million by -10.76%. Ares Commercial Real Estate Corp's (ACRE) actual earnings were -$0.11 per share, which missed analysts' earnings expectations of $0.11 per share by -204.76%. After releasing the results, Ares Commercial Real Estate Corp (ACRE) was up by 1.78% in one day.
Ares Commercial Real Estate Corp (ACRE, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 5 analysts, the average target price for Ares Commercial Real Estate Corp (ACRE) is $6.80 with a high estimate of $7.00 and a low estimate of $6.50. The average target implies an upside of 7.59% from the current price of $6.32.
Based on GuruFocus estimates, the estimated GF Value for Ares Commercial Real Estate Corp (ACRE, Financial) in one year is $7.15, suggesting an upside of 13.13% from the current price of $6.32.
Based on the consensus recommendation from 8 brokerage firms, Ares Commercial Real Estate Corp's (ACRE, Financial) average brokerage recommendation is currently 3.3, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
