ACRES Commercial (ACR) Lags Q3 Earnings and Revenue Estimates

分组1 - ACRES Commercial reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.39 per share, and down from $0.73 per share a year ago, representing an earnings surprise of -38.46% [1] - The company posted revenues of $10.46 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.33%, and down from $14.65 million year-over-year [2] - Over the last four quarters, ACRES Commercial has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] 分组2 - ACRES Commercial shares have increased approximately 54.6% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $10.9 million, and for the current fiscal year, it is $1.43 on revenues of $43.6 million [7] - The REIT and Equity Trust industry, to which ACRES Commercial belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]