Compared to Estimates, Ares Commercial Real Estate (ACRE) Q1 Earnings: A Look at Key Metrics

Ares Commercial Real Estate (ACRE) reported $44.03 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 11%. EPS of -$0.62 for the same period compares to $0.27 a year ago.

The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $43.77 million. With the consensus EPS estimate being -$0.30, the EPS surprise was -106.67%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ares Commercial Real Estate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue from real estate owned: $3.48 million versus the two-analyst average estimate of $3.15 million.
  • Interest income: $44.03 million versus the two-analyst average estimate of $43.77 million.
  • Net interest margin: $15.21 million versus $18.13 million estimated by two analysts on average.
View all Key Company Metrics for Ares Commercial Real Estate here>>>

Shares of Ares Commercial Real Estate have returned -0.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock And 4 Runners Up

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ares Commercial Real Estate Corporation (ACRE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.