Benzinga | Oct 27, 2021 07:18AM EDT

Recap: Ares Management Q3 Earnings



Ares Management (NYSE:ARES) reported its Q3 earnings results on Wednesday, October 27, 2021 at 06:00 AM.

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

Earnings

Ares Management missed their estimated earnings by 0.0%, reporting an EPS of $0.62 versus an estimate of $0.62, which did not surprise analysts.

Revenue was up $155,828,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.13, which was followed by a 1.56% increase in the share price the next day.

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



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.51 0.51 0.46 0.41EPS Actual 0.64 0.46 0.54 0.48Revenue Estimate 424.96M 445.64M 385.32M 342.60MRevenue Actual 372.83M 327.46M 334.98M 292.43M

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