Recap: Ares Management Q2 Earnings

Recap: Ares Management Q2 Earnings

 

Ares Management ARES reported its Q2 earnings results on Thursday, July 28, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Ares Management beat estimated earnings by 7.25%, reporting an EPS of $0.74 versus an estimate of $0.69.

Revenue was up $152.05 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 6.73% drop in the share price the next day.

Here's a look at Ares Management's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.67 0.72 0.62 0.51
EPS Actual 0.65 0.85 0.62 0.64
Revenue Estimate 605.10M 629.08M 528.44M 424.96M
Revenue Actual 482.92M 481.03M 448.26M 372.83M

To track all earnings releases for Ares Management visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews