Ares Commercial Real Estate (ACRE) Reports Q2 Earnings: What Key Metrics Have to Say

Ares Commercial Real Estate (ACRE) reported $40.85 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 21.4%. EPS of -$0.12 for the same period compares to $0.35 a year ago. The reported revenue represents a surprise of -2.34% over the Zacks Consensus Estimate of $41.83 million. With the consensus EPS estimate being $0.19, the EPS surprise was -163.16%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...