We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Gear Up for Ares Capital (ARCC) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Ares Capital (ARCC - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 13.8%. It is anticipated that revenues will amount to $763.74 million, exhibiting a decrease of 1.5% compared to the year-ago quarter.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Ares Capital metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Dividend income' to come in at $153.44 million. Compared to the current estimate, the company reported $151.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Other Income' should come in at $17.43 million. The estimate is in contrast to the year-ago figure of $18.00 million.
The collective assessment of analysts points to an estimated 'Capital Structuring Service Fees' of $41.10 million. Compared to the present estimate, the company reported $38.00 million in the same quarter last year.
Analysts forecast 'Interest Income from Investments' to reach $545.92 million. Compared to the current estimate, the company reported $568.00 million in the same quarter of the previous year.
Over the past month, shares of Ares Capital have returned -2.3% versus the Zacks S&P 500 composite's +0.2% change. Currently, ARCC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Ares Capital (ARCC) Q3 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Ares Capital (ARCC - Free Report) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year decline of 13.8%. It is anticipated that revenues will amount to $763.74 million, exhibiting a decrease of 1.5% compared to the year-ago quarter.
The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Ares Capital metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Dividend income' to come in at $153.44 million. Compared to the current estimate, the company reported $151.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Other Income' should come in at $17.43 million. The estimate is in contrast to the year-ago figure of $18.00 million.
The collective assessment of analysts points to an estimated 'Capital Structuring Service Fees' of $41.10 million. Compared to the present estimate, the company reported $38.00 million in the same quarter last year.
Analysts forecast 'Interest Income from Investments' to reach $545.92 million. Compared to the current estimate, the company reported $568.00 million in the same quarter of the previous year.
View all Key Company Metrics for Ares Capital here>>>Over the past month, shares of Ares Capital have returned -2.3% versus the Zacks S&P 500 composite's +0.2% change. Currently, ARCC carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .