Bear Of The Day: Ares Management (ARES)

Core Viewpoint - Ares Management (ARES) is currently rated as a Zacks Rank 5 (Strong Sell) due to recent negative movements in earnings estimates despite beating the Zacks Consensus Estimate in its latest earnings report [1][4][8]. Company Overview - Ares Management is a global alternative asset manager founded in 1997, headquartered in Los Angeles, CA, and provides investment and consultancy services across various segments including Credit Group, Private Equity Group, Real Assets Group, and Secondaries Group [2]. Earnings History - Over the past year, Ares Management has reported three earnings beats and one miss against the Zacks Consensus Estimate, with the most recent quarter showing earnings of $0.95 compared to a consensus of $0.94 [4][3]. Earnings Estimates - Recent trends indicate a decline in annual earnings estimates for Ares Management, with the current fiscal year consensus dropping from $4.15 to $4.07 over the last 60 days [6]. - The next year's earnings estimate has also decreased from $5.80 to $5.53 during the same period [7]. - The negative movement in earnings estimates is a significant factor contributing to the stock's Zacks Rank of 5 (Strong Sell) [8].