Ares(US:ARES) ZACKS·2024-07-30 14:21Core Insights - Ares Management (ARES) is expected to report quarterly earnings of $0.98 per share, an increase of 8.9% year-over-year, with revenues projected at $868.13 million, reflecting a 9.6% increase compared to the same period last year [1] - There has been a 1% downward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [1] Financial Metrics - The 'FPAUM Rollforward - Ending Balance - Total' is projected to reach $279.16 billion, up from $242.40 billion in the same quarter last year [2] - The 'FPAUM Rollforward - Ending Balance - Credit Group' is expected to be $198.78 billion, compared to $161.70 billion in the previous year [2] - The 'FPAUM Rollforward - Ending Balance - Private Equity Group' is estimated at $13.44 billion, down from $19 billion year-over-year [3] - The 'FPAUM Rollforward - Ending Balance - Real Assets Group' is projected to be $41.68 billion, slightly up from $41.10 billion last year [3] - The 'FPAUM Rollforward - Ending Balance - Secondaries Group' is expected to reach $20.51 billion, compared to $17.80 billion in the same quarter last year [3] - The average prediction for 'AUM Rollforward - Ending Balance - Total' is $441.45 billion, up from $377.60 billion in the same quarter last year [3] Stock Performance - Ares Management shares have returned +6.7% over the past month, outperforming the Zacks S&P 500 composite, which changed by +0.1% [3] - Ares Management holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [3]