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Ares Commercial Real ACRE reported its Q2 earnings results on Friday, July 29, 2022 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Ares Commercial Real beat estimated earnings by 18.75%, reporting an EPS of $0.38 versus an estimate of $0.32.
Revenue was up $1.61 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 2.28% increase in the share price the next day.
Here’s a look at Ares Commercial Real’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.37 | 0.33 | 0.35 |
| EPS Actual | 0.34 | 0.41 | 0.37 | 0.37 |
| Revenue Estimate | 22.55M | 21.73M | 20.50M | 20.00M |
| Revenue Actual | 24.02M | 30.11M | 27.20M | 23.53M |
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.
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Image and article originally from www.benzinga.com. Read the original article here.