Ares Management Q1 2024 Adj EPS $0.80 Misses $0.96 Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Management reported its Q1 2024 adjusted earnings per share (EPS) of $0.80, missing the consensus analyst estimate of $0.96 by 16.67%.
May 02, 2024 | 10:03 am
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Ares Management's Q1 2024 earnings missed analyst estimates, reporting an adjusted EPS of $0.80 against the expected $0.96.
Missing the consensus earnings estimate typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The 16.67% miss is significant, indicating that Ares Management's financial performance was below market expectations, which could lead to a decrease in investor confidence and a negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100