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Stay Ahead of the Game With Ares Capital (ARCC) Q3 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts expect Ares Capital (ARCC - Free Report) to post quarterly earnings of $0.48 per share in its upcoming report, which indicates a year-over-year decline of 4%. Revenues are expected to be $780.31 million, down 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Ares Capital metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Dividend income' of $154.67 million. Compared to the current estimate, the company reported $141.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Other Income' at $19.28 million. Compared to the current estimate, the company reported $32.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Capital Structuring Service Fees' should arrive at $43.26 million. Compared to the present estimate, the company reported $48.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Interest Income from Investments' should come in at $554.49 million. The estimate compares to the year-ago value of $561.00 million.
Over the past month, Ares Capital shares have recorded returns of -3.9% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #3 (Hold), ARCC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With Ares Capital (ARCC) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Ares Capital (ARCC - Free Report) to post quarterly earnings of $0.48 per share in its upcoming report, which indicates a year-over-year decline of 4%. Revenues are expected to be $780.31 million, down 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Ares Capital metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Dividend income' of $154.67 million. Compared to the current estimate, the company reported $141.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Other Income' at $19.28 million. Compared to the current estimate, the company reported $32.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Capital Structuring Service Fees' should arrive at $43.26 million. Compared to the present estimate, the company reported $48.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Interest Income from Investments' should come in at $554.49 million. The estimate compares to the year-ago value of $561.00 million.
View all Key Company Metrics for Ares Capital here>>>Over the past month, Ares Capital shares have recorded returns of -3.9% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #3 (Hold), ARCC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .