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res Commercial Real Estate (ACRE) reported quarterly earnings of $0.07 per share, falling short of the Zacks Consensus Estimate of $0.11 per share. This represents a 36.36% earnings surprise and follows a loss of $0.12 in the previous quarter, which was also a miss. Over the last four quarters, ACRE has only exceeded consensus EPS estimates once.

    The company's revenue of $39.35 million for the quarter ended September 2024 missed the Zacks Consensus Estimate by 1.44%, down from year-ago revenues of $52.82 million. The stock's performance will depend on management's commentary during the earnings call, as shares have lost 37.4% since the beginning of the year versus the S&P 500's gain of 24.3%.

    The company's earnings outlook is crucial in determining its future prospects. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ares Commercial Real Estate has been unfavorable, resulting in a Zacks Rank #4 (Sell) for the stock. This indicates that shares are expected to underperform the market in the near future.