Ares Management (ARES) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Ares Management (ARES) reported $802.95 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.9%. EPS of $0.95 for the same period compares to $0.83 a year ago.The reported revenue represents a surprise of -3.68% over the Zacks Consensus Estimate of $833.58 million. With the consensus EPS estimate being $0.94, the EPS surprise was +1.06%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: FPAUM Rollforward - Ending Balance - Total: $286.80 billion compared to the $289.53 billion average estimate based on three analysts. FPAUM Rollforward - Ending Balance - Credit Group: $205.24 billion versus the three-analyst average estimate of $206.77 billion. FPAUM Rollforward - Ending Balance - Private Equity Group: $12.28 billion versus the three-analyst average estimate of $12.87 billion. FPAUM Rollforward - Ending Balance - Real Assets Group: $43.11 billion compared to the $43.48 billion average estimate based on three analysts. Financial Details Segments- Other fees: $23.58 million versus $24.73 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.4% change. Financial Details Segments- Fee related performance revenues: $44.27 million versus $10.01 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1901.3% change. Financial Details Segments- Management fees: $757.26 million versus the four-analyst average estimate of $756.11 million. The reported number represents a year-over-year change of +17.7%. Financial Details Segments- Performance income-realized: $22.11 million versus the four-analyst average estimate of $28.78 million. Realized Income- Secondaries Group: $25.66 million versus the two-analyst average estimate of $27.38 million. The reported number represents a year-over-year change of +11.3%. Realized Income- Real Assets Group: $62.02 million versus $54.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20% change. Realized Income- Private Equity Group: $12.30 million compared to the $21.70 million average estimate based on two analysts. The reported number represents a change of -38.5% year over year. Realized Income- Credit Group: $391.81 million compared to the $395.59 million average estimate based on two analysts. The reported number represents a change of +26.5% year over year. View all Key Company Metrics for Ares Management here>>>Shares of Ares Management have returned +6.8% over the past month versus the Zacks S&P 500 composite's -1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ares Management Corporation (ARES): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks