Benzinga | Nov 3, 2021 09:13AM EDT

Ares Commercial Real Q3 EPS $0.37 Beats $0.33 Estimate, Sales $27.20M Beat $20.50M Estimate

Ares Commercial Real (NYSE:ACRE) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.33 by 12.12 percent. This is a 19.35 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $27.20 million which beat the analyst consensus estimate of $20.50 million by 32.70 percent. This is a 21.59 percent increase over sales of $22.37 million the same period last year.