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Ares Management: Q3 Earnings Insights – Ares Management (NYSE:ARES)

ByBenzinga Insights

Oct 27, 2022
Ares Management: Q3 Earnings Insights - Ares Management (NYSE:ARES)

Ares Management ARES reported its Q3 earnings results on Thursday, October 27, 2022 at 06:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Ares Management beat estimated earnings by 1.35%, reporting an EPS of $0.75 versus an estimate of $0.74.

Revenue was up $100.20 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 0.52% increase in the share price the next day.

Here’s a look at Ares Management’s past performance:

 








Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.69 0.67 0.72 0.62
EPS Actual 0.74 0.65 0.85 0.62
Revenue Estimate 608.06M 605.10M 629.08M 528.44M
Revenue Actual 524.88M 482.92M 481.03M 448.26M

To track all earnings releases for Ares Management visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.