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Ares Capital (ARCC) Dips More Than Broader Markets: What You Should Know
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Ares Capital (ARCC - Free Report) closed the most recent trading day at $19.47, moving -0.76% from the previous trading session. This change lagged the S&P 500's 0.68% loss on the day. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, lost 3.19%.
Coming into today, shares of the private equity firm had gained 5.54% in the past month. In that same time, the Finance sector gained 4.53%, while the S&P 500 gained 3.58%.
Wall Street will be looking for positivity from Ares Capital as it approaches its next earnings report date. This is expected to be July 25, 2023. On that day, Ares Capital is projected to report earnings of $0.57 per share, which would represent year-over-year growth of 9.62%. Our most recent consensus estimate is calling for quarterly revenue of $623.26 million, up 30.12% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.31 per share and revenue of $2.51 billion, which would represent changes of +14.36% and +19.68%, respectively, from the prior year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ares Capital is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Ares Capital's current valuation metrics, including its Forward P/E ratio of 8.49. For comparison, its industry has an average Forward P/E of 7.46, 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 group has a Zacks Industry Rank of 102, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ares Capital (ARCC) Dips More Than Broader Markets: What You Should Know
Ares Capital (ARCC - Free Report) closed the most recent trading day at $19.47, moving -0.76% from the previous trading session. This change lagged the S&P 500's 0.68% loss on the day. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, lost 3.19%.
Coming into today, shares of the private equity firm had gained 5.54% in the past month. In that same time, the Finance sector gained 4.53%, while the S&P 500 gained 3.58%.
Wall Street will be looking for positivity from Ares Capital as it approaches its next earnings report date. This is expected to be July 25, 2023. On that day, Ares Capital is projected to report earnings of $0.57 per share, which would represent year-over-year growth of 9.62%. Our most recent consensus estimate is calling for quarterly revenue of $623.26 million, up 30.12% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.31 per share and revenue of $2.51 billion, which would represent changes of +14.36% and +19.68%, respectively, from the prior year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ares Capital is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Ares Capital's current valuation metrics, including its Forward P/E ratio of 8.49. For comparison, its industry has an average Forward P/E of 7.46, 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 group has a Zacks Industry Rank of 102, putting it in the top 41% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.