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Ares Management (ARES) Reports Q1 Earnings: What Key Metrics Have to Say
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Ares Management (ARES - Free Report) reported $736.42 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.5%. EPS of $0.80 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $814.88 million, representing a surprise of -9.63%. The company delivered an EPS surprise of -13.98%, with the consensus EPS estimate being $0.93.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
FPAUM Rollforward - Ending Balance - Total: $267.12 billion versus the three-analyst average estimate of $265.85 billion.
FPAUM Rollforward - Ending Balance - Credit Group: $189.83 billion versus the three-analyst average estimate of $184.80 billion.
FPAUM Rollforward - Ending Balance - Private Equity Group: $12.57 billion versus $22.99 billion estimated by three analysts on average.
FPAUM Rollforward - Ending Balance - Real Assets Group: $40.84 billion versus $42.55 billion estimated by three analysts on average.
Financial Details Segments- Other fees: $19.88 million compared to the $25.20 million average estimate based on four analysts.
Financial Details Segments- Management fees: $693.37 million versus the four-analyst average estimate of $710.45 million.
Financial Details Segments- Performance income-realized: $23.18 million compared to the $108.66 million average estimate based on four analysts.
Financial Details Segments- Fee related performance revenues: $3.72 million compared to the $4.08 million average estimate based on three analysts.
Realized Income- Secondaries Group: $23.12 million versus $25.18 million estimated by two analysts on average.
Realized Income- Real Assets Group: $45.40 million compared to the $59.38 million average estimate based on two analysts.
Realized Income- Private Equity Group: $10.33 million compared to the $30.49 million average estimate based on two analysts.
Realized Income- Credit Group: $355.97 million compared to the $361.63 million average estimate based on two analysts.
Shares of Ares Management have returned -0.2% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Ares Management (ARES) Reports Q1 Earnings: What Key Metrics Have to Say
Ares Management (ARES - Free Report) reported $736.42 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.5%. EPS of $0.80 for the same period compares to $0.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $814.88 million, representing a surprise of -9.63%. The company delivered an EPS surprise of -13.98%, with the consensus EPS estimate being $0.93.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- FPAUM Rollforward - Ending Balance - Total: $267.12 billion versus the three-analyst average estimate of $265.85 billion.
- FPAUM Rollforward - Ending Balance - Credit Group: $189.83 billion versus the three-analyst average estimate of $184.80 billion.
- FPAUM Rollforward - Ending Balance - Private Equity Group: $12.57 billion versus $22.99 billion estimated by three analysts on average.
- FPAUM Rollforward - Ending Balance - Real Assets Group: $40.84 billion versus $42.55 billion estimated by three analysts on average.
- Financial Details Segments- Other fees: $19.88 million compared to the $25.20 million average estimate based on four analysts.
- Financial Details Segments- Management fees: $693.37 million versus the four-analyst average estimate of $710.45 million.
- Financial Details Segments- Performance income-realized: $23.18 million compared to the $108.66 million average estimate based on four analysts.
- Financial Details Segments- Fee related performance revenues: $3.72 million compared to the $4.08 million average estimate based on three analysts.
- Realized Income- Secondaries Group: $23.12 million versus $25.18 million estimated by two analysts on average.
- Realized Income- Real Assets Group: $45.40 million compared to the $59.38 million average estimate based on two analysts.
- Realized Income- Private Equity Group: $10.33 million compared to the $30.49 million average estimate based on two analysts.
- Realized Income- Credit Group: $355.97 million compared to the $361.63 million average estimate based on two analysts.
View all Key Company Metrics for Ares Management here>>>Shares of Ares Management have returned -0.2% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.