We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ares Capital (ARCC) Stock Moves -0.05%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Ares Capital (ARCC - Free Report) closed at $19.35, marking a -0.05% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 15.51%.
Coming into today, shares of the private equity firm had lost 0.05% in the past month. In that same time, the Finance sector lost 2.63%, while the S&P 500 lost 2.53%.
Investors will be hoping for strength from Ares Capital as it approaches its next earnings release. The company is expected to report EPS of $0.59, up 43.9% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $631.63 million, up 43.55% from the prior-year quarter.
ARCC's full-year Zacks Consensus Estimates are calling for earnings of $2.36 per share and revenue of $2.58 billion. These results would represent year-over-year changes of +16.83% and +23.02%, respectively.
Any recent changes to analyst estimates for Ares Capital should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.7% higher within the past month. Ares Capital is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Ares Capital is holding a Forward P/E ratio of 8.2. For comparison, its industry has an average Forward P/E of 7.98, which means Ares Capital is trading at a premium to the group.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ares Capital (ARCC) Stock Moves -0.05%: What You Should Know
In the latest trading session, Ares Capital (ARCC - Free Report) closed at $19.35, marking a -0.05% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq lost 15.51%.
Coming into today, shares of the private equity firm had lost 0.05% in the past month. In that same time, the Finance sector lost 2.63%, while the S&P 500 lost 2.53%.
Investors will be hoping for strength from Ares Capital as it approaches its next earnings release. The company is expected to report EPS of $0.59, up 43.9% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $631.63 million, up 43.55% from the prior-year quarter.
ARCC's full-year Zacks Consensus Estimates are calling for earnings of $2.36 per share and revenue of $2.58 billion. These results would represent year-over-year changes of +16.83% and +23.02%, respectively.
Any recent changes to analyst estimates for Ares Capital should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.7% higher within the past month. Ares Capital is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Ares Capital is holding a Forward P/E ratio of 8.2. For comparison, its industry has an average Forward P/E of 7.98, which means Ares Capital is trading at a premium to the group.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.