ACRES Commercial Realty Q1 2024 Adj EPS $0.16 Misses $0.30 Estimate, Sales $18.768M Miss $21.550M Estimate

ACRES Commercial Realty (NYSE:ACR) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.30 by 46.67 percent. This is a 69.23 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $18.768 million which missed the analyst consensus estimate of $21.550 million by 12.91 percent. This is a 10.87 percent decrease over sales of $21.058 million the same period last year.