Ares Management (ARES) Earnings Date, Estimates & Call Transcripts

$142.27
-0.17 (-0.12%)
(As of 05/10/2024 ET)

Earnings Summary

Upcoming
Earnings Date
Aug. 6Estimated
Actual EPS
(May. 2)
$0.80 Missed By -$0.13
Consensus EPS
(May. 2)
$0.93
Skip Charts & View Estimated and Actual Earnings Data

ARES Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

ARES Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

Ares Management Analyst EPS Estimates

Current Year EPS Consensus Estimate:$4.24 EPS
Next Year EPS Consensus Estimate: $5.73 EPS

ARES Earnings Date and Information

Ares Management last posted its earnings results on May 2nd, 2024. The asset manager reported $0.80 EPS for the quarter, missing the consensus estimate of $0.93 by $0.13. The company had revenue of $707.36 million for the quarter, compared to analyst estimates of $814.88 million. Ares Management has generated $2.23 earnings per share over the last year ($2.23 diluted earnings per share) and currently has a price-to-earnings ratio of 63.8. Earnings for Ares Management are expected to grow by 35.14% in the coming year, from $4.24 to $5.73 per share. Ares Management has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, August 6th, 2024 based off prior year's report dates.

Ares Management Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
8/6/2024
Estimated)
------- 
5/2/2024Q1 2024$0.93$0.80($0.13)$1.27$814.88 million$707.36 million    
2/8/2024Q4 2023$1.10$1.21+$0.11$1.56$862.71 million$1.05 billion    
10/31/2023Q3 2023$0.87$0.83($0.04)$1.36$736.58 million$671.30 million    
8/1/2023Q2 2023$0.85$0.90+$0.05$1.06$725.82 million$1.09 billion    
4/28/2023Q1 2023$0.82$0.71($0.11)$0.93$694.04 million$813.36 million    
2/9/2023Q4 2022$1.07$1.21+$0.14$1.80$813.69 million$937.72 million    
10/27/2022Q3 2022$0.74$0.75+$0.01$1.72$636.07 million$609.56 million    
7/28/2022Q2 2022$0.70$0.74+$0.04$1.27$618.30 million$618.17 million
4/28/2022Q1 2022$0.66$0.65($0.01)$1.06$605.10 million$715.00 million    
2/11/2022Q4 2021$0.73$0.85+$0.12$1.04$659.06 million$731.16 million    
10/27/2021Q3 2021$0.64$0.62($0.02)$0.79$528.44 million$512.59 million    
7/28/2021Q2 2021$0.50$0.64+$0.14$0.59$481.59 million$507.75 million    

Ares Management Earnings - Frequently Asked Questions

When is Ares Management's earnings date?

Ares Management has not confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, August 6th, 2024 based off last year's report dates. Learn more on ARES's earnings history.

Did Ares Management beat their earnings estimates last quarter?

In the previous quarter, Ares Management (NYSE:ARES) missed the analysts' consensus estimate of $0.93 by $0.13 with a reported earnings per share (EPS) of $0.80. Learn more on analysts' earnings estimate vs. ARES's actual earnings.

How can I listen to Ares Management's earnings conference call?

The conference call for Ares Management's latest earnings report can be listened to online. Listen to Conference Call

How can I read Ares Management's conference call transcript?

The conference call transcript for Ares Management's latest earnings report can be read online. Read Transcript

How much revenue does Ares Management generate each year?

Ares Management (NYSE:ARES) has a recorded annual revenue of $3.63 billion.

How much profit does Ares Management generate each year?

Ares Management (NYSE:ARES) has a recorded net income of $474.33 million. ARES has generated $2.23 earnings per share over the last four quarters.

What is Ares Management's price-to-earnings ratio?

Ares Management (NYSE:ARES) has a trailing price-to-earnings ratio of 63.80 and a forward price-to-earnings ratio of 33.55. The price/earnings-to-growth ratio is 1.2.

What is Ares Management's EPS forecast for next year?

Ares Management's earnings are expected to grow from $4.24 per share to $5.73 per share in the next year, which is a 35.14% increase.


More Earnings Resources from MarketBeat

This page (NYSE:ARES) was last updated on 5/12/2024 by MarketBeat.com Staff

From Our Partners