Ares Commercial Real Estate (ACRE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended September 2024, Ares Commercial Real Estate (ACRE) reported revenue of $39.35 million, down 25.5% over the same period last year. EPS came in at $0.07, compared to $0.25 in the year-ago quarter. The reported revenue represents a surprise of -1.44% over the Zacks Consensus Estimate of $39.92 million. With the consensus EPS estimate being $0.11, the EPS surprise was -36.36%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...