Ares Management Q3 EPS $0.83 Misses $0.87 Estimate, Sales $637.52M Miss $707.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Management (NYSE:ARES) reported Q3 earnings of $0.83 per share, missing the analyst consensus estimate of $0.87 by 4.6%. The company also reported quarterly sales of $637.52M, missing the analyst consensus estimate of $707.69M by 9.92%. However, both earnings and sales increased compared to the same period last year.
October 31, 2023 | 10:13 am
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NEGATIVE IMPACT
Ares Management's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Ares Management's Q3 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100