Ares Capital (NASDAQ:ARCC) reported its Q1 earnings results on Tuesday, April 26, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Ares Capital missed estimated earnings by 8.7%, reporting an EPS of $0.42 versus an estimate of $0.46.
Revenue was up $50.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 0.99% drop in the share price the next day.
Here's a look at Ares Capital's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.44 | 0.43 | 0.42 |
| EPS Actual | 0.58 | 0.47 | 0.53 | 0.43 |
| Revenue Estimate | 459.14M | 427.39M | 387.13M | 385.13M |
| Revenue Actual | 529.00M | 442.00M | 459.00M | 390.00M |
To track all earnings releases for Ares Capital visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
