Back to top

Image: Bigstock

Ares Capital (ARCC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Read MoreHide Full Article

For the quarter ended September 2023, Ares Capital (ARCC - Free Report) reported revenue of $655 million, up 22% over the same period last year. EPS came in at $0.59, compared to $0.50 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $655.14 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.72%, with the consensus EPS estimate being $0.58.

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 Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Dividend income: $128 million compared to the $123.77 million average estimate based on five analysts.
  • Other Income: $12 million versus the five-analyst average estimate of $13.53 million.
  • Capital Structuring Service Fees: $20 million versus the five-analyst average estimate of $27.52 million.
  • Interest Income From Investments: $495 million compared to the $487.28 million average estimate based on five analysts.
View all Key Company Metrics for Ares Capital here>>>

Shares of Ares Capital have returned -3.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Ares Capital Corporation (ARCC) - free report >>

Published in