Ares Management Q1 2024 Sales $687.692M Miss $798.527M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ares Management (NYSE:ARES) reported Q1 2024 sales of $687.692M, missing the consensus estimate of $798.527M by 13.88%, but marking a 14.52% increase from the previous year's sales of $600.516M.
May 02, 2024 | 10:14 am
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Ares Management reported Q1 2024 sales of $687.692M, missing estimates by 13.88% but showing a 14.52% YOY growth.
Missing the sales estimate by 13.88% could negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. The significant miss may lead to a reevaluation of the company's growth trajectory and profitability, potentially causing a decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100