Ares Management Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St.11-02

Ares Management (NYSE:ARES) Third Quarter 2024 Results Key Financial Results Revenue: US$1.13b (up 68% from 3Q 2023). Net income: US$118.5m (up 110% from 3Q 2023). Profit margin: 11% (up from 8.4% in...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.8%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US.The company's shares are down 4.5% from a week ago.It's necessary to consider the ever-present spectre of investment risk.   We've identified 4 warning signs  with Ares Management , and understanding these should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARES":"Ares Management L.P.","AACT.U":"ARES ACQUISITION CORPORATION II UNIT 1 CL A & 1/2 WT"},"translate_title":"Ares Management 2024年第三季度收益：收入超出预期，每股收益符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AACT.U":1,"ARES":0.9},"content_text":"Ares Management (NYSE:ARES) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.13b (up 68% from 3Q 2023).\nNet income: US$118.5m (up 110% from 3Q 2023).\nProfit margin: 11% (up from 8.4% in 3Q 2023).\nEPS: US$0.59 (up from US$0.30 in 3Q 2023).\n\n\n\n\n  NYSE:ARES Earnings and Revenue Growth November 2nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAres Management Revenues Beat Expectations\n Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US. \nPerformance of the American Capital Markets industry.\n The company's shares are down 4.5% from a week ago. \nRisk Analysis\n It's necessary to consider the ever-present spectre of investment risk.   We've identified 4 warning signs  with Ares Management (at least 1 which can't be ignored), and understanding these should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480227838"}