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

Zacks Equity Research
·2-min read

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.

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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.

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To read this article on Zacks.com click here.

Zacks Investment Research