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Ares Capital (ARCC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Ares Capital (ARCC - Free Report) closed at $17.85 in the latest trading session, marking a -1.23% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.93%.
The private equity firm's stock has dropped by 7.19% in the past month, falling short of the Finance sector's loss of 5.63% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of Ares Capital in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.49, reflecting a 2% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $777.8 million, indicating a 6.26% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.94 per share and a revenue of $3.17 billion, representing changes of -3.48% and +3.82%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Ares Capital. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Ares Capital is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Ares Capital is currently exchanging hands at a Forward P/E ratio of 9.31. This valuation marks a premium compared to its industry average Forward P/E of 7.82.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Ares Capital (ARCC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Ares Capital (ARCC - Free Report) closed at $17.85 in the latest trading session, marking a -1.23% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.93%.
The private equity firm's stock has dropped by 7.19% in the past month, falling short of the Finance sector's loss of 5.63% and the S&P 500's loss of 2.25%.
Investors will be eagerly watching for the performance of Ares Capital in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.49, reflecting a 2% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $777.8 million, indicating a 6.26% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.94 per share and a revenue of $3.17 billion, representing changes of -3.48% and +3.82%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Ares Capital. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Ares Capital is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Ares Capital is currently exchanging hands at a Forward P/E ratio of 9.31. This valuation marks a premium compared to its industry average Forward P/E of 7.82.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. With its current Zacks Industry Rank of 183, this industry ranks in the bottom 26% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.