Commercial

Zacks: Brokerages Expect Ares Commercial Real Estate Corp (ACRE) Will Post Quarterly Sales of $11.23 Million

Equities research analysts expect that Ares Commercial Real Estate Corp (NYSE:ACRE) will post $11.23 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ares Commercial Real Estate’s earnings. The lowest sales estimate is $10.78 million and the highest is $11.67 million. Ares Commercial Real Estate reported sales of $23.51 million in the same quarter last year, which indicates a negative year over year growth rate of 52.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Ares Commercial Real Estate will report full year sales of $11.23 million for the current financial year, with estimates ranging from $46.26 million to $47.15 million. For the next fiscal year, analysts expect that the business will report sales of $49.21 million per share, with estimates ranging from $48.53 million to $49.89 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ares Commercial Real Estate.

Read Article at LedgerGazette.com

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