ACRES Commercial Realty (NYSE:ACR) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
ACRES Commercial Realty beat estimated earnings by 17.0%, reporting an EPS of $0.55 versus an estimate of $0.47.
Revenue was down $796 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 5.0% increase in the share price the next day.
Here's a look at ACRES Commercial Realty's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.46 | 0.44 | 0.45 | 0.46 |
| EPS Actual | 0.73 | 0.60 | 0.52 | 0.60 |
| Revenue Estimate | 19.40M | 18.95M | 18.40M | 18.55M |
| Revenue Actual | 24.01M | 23.62M | 21.06M | 23.24M |
To track all earnings releases for ACRES Commercial Realty visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.