Ares Capital (ARCC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Ares Capital (ARCC) reported revenue of $655 million, up 22% over the same period last year. EPS came in at $0.59, compared to $0.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $655.14 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.72%, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ares Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Dividend income: $128 million compared to the $123.77 million average estimate based on five analysts.
Other Income: $12 million versus the five-analyst average estimate of $13.53 million.
Capital Structuring Service Fees: $20 million versus the five-analyst average estimate of $27.52 million.
Interest Income From Investments: $495 million compared to the $487.28 million average estimate based on five analysts.
View all Key Company Metrics for Ares Capital here>>>
Shares of Ares Capital have returned -3.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Ares Capital Corporation (ARCC) : Free Stock Analysis Report
