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Ares Management (ARES)
NYSE:ARES
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.32Last Year’s EPS
$1.21Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 5.52%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
Ares Management Corporation exhibited robust financial growth and record-setting deployment and fundraising activities, particularly in private credit and real estate. Despite some concerns over distribution fees and private credit spread compression, the overall outlook remains positive with strong demand across its investment strategies.Company Guidance
During Ares Management Corporation's Q3 2024 earnings call, the firm highlighted strong financial performance, including an 18% year-over-year growth in management fees, a 24% increase in fee-related earnings, and a 28% rise in realized income. Ares also announced significant fundraising achievements, raising nearly $21 billion in the third quarter and over $64 billion year-to-date, tracking toward a record year. The company declared a fourth-quarter common dividend of $0.93 per share, marking a 21% increase from the previous year. Ares emphasized its strategic focus on private credit, real estate, and infrastructure investments, with substantial capital deployment and fundraising activities, including $30 billion in global deployment during the quarter. The firm's robust pipeline and favorable market conditions position it for continued growth into 2025, with an expectation of ending 2024 with gross capital raised in the mid-$80 billion range.Strong Financial Growth
Ares Management Corporation reported 18% growth in management fees, 24% growth in fee-related earnings, and 28% growth in realized income year-over-year.
Record Deployment and Fundraising
Ares achieved nearly $30 billion in global deployment this quarter, the second highest on record, with $74.6 billion year-to-date. It also raised $21 billion in gross capital this quarter, tracking for a record fundraising year.
Private Credit Success
Raised $13.5 billion in private credit strategies this quarter, with over $57 billion raised in the past 12 months, showcasing strong institutional and retail demand.
Real Estate and Infrastructure Growth
Increased fundraising for real estate and infrastructure, including $2 billion in European Direct Lending Fund and $1 billion in European value-add real estate fund.
Wealth Management Expansion
Raised over $2.5 billion in equity commitments and nearly $4 billion in AUM in the wealth management channel this quarter, with total AUM from the retail channel exceeding $88 billion.
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ARES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $166.83 | $161.05 | -3.46% |
| Aug 02, 2024 | $147.47 | $137.68 | -6.64% |
| May 02, 2024 | $129.30 | $132.19 | +2.24% |
| Feb 08, 2024 | $125.63 | $132.16 | +5.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ares Management (ARES) report earnings?
Ares Management (ARES) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Ares Management (ARES) earnings time?
Ares Management (ARES) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARES EPS forecast?
ARES EPS forecast for the fiscal quarter 2024 (Q4) is $1.32.
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