Ares Management (NYSE:ARES) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Ares Management missed estimated earnings by 2.99%, reporting an EPS of $0.65 versus an estimate of $0.67.
Revenue was up $155.46 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 0.7% drop in the share price the next day.
Here's a look at Ares Management's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 0.62 | 0.51 | 0.51 |
| EPS Actual | 0.85 | 0.62 | 0.64 | 0.46 |
| Revenue Estimate | 629.08M | 528.44M | 424.96M | 445.64M |
| Revenue Actual | 481.03M | 448.26M | 372.83M | 327.46M |
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.
