Yahoo Finance Ares Management First Quarter 2024 Earnings: Misses Expectations
Ares Management (NYSE:ARES) First Quarter 2024 Results
Key Financial Results
Revenue: US$707.4m (down 13% from 1Q 2023).
Net income: US$73.0m (down 18% from 1Q 2023).
Profit margin: 10% (in line with 1Q 2023).
EPS: US$0.38 (down from US$0.50 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ares Management Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Ares Management is showing 5 warning signs in our investment analysis and 2 of those are concerning...
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