Ares Capital (ARCC) Features As Market Dips: What You Ought to Know

HomeInvesting

Ares Capital (ARCC) Features As Market Dips: What You Ought to Know

Ares Capital (ARCC) closed the latest buying and selling day at $18.56, transferring +0.19% from th


Ares Capital (ARCC) closed the latest buying and selling day at $18.56, transferring +0.19% from the earlier buying and selling session. This transfer outpaced the S&P 500’s every day lack of 0.39%. In the meantime, the Dow misplaced 0.95%, and the Nasdaq, a tech-heavy index, misplaced 0.83%.

Coming into in the present day, shares of the personal fairness agency had misplaced 1.85% prior to now month. In that very same time, the Finance sector misplaced 0.24%, whereas the S&P 500 misplaced 0.1%.

Wall Road might be on the lookout for positivity from ARCC because it approaches its subsequent earnings report date. That is anticipated to be October 30, 2019. The corporate is predicted to report EPS of $0.46, up 2.22% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $370.25 million, up 8.26% from the year-ago interval.

Trying on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $1.86 per share and income of $1.50 billion. These totals would mark adjustments of +10.71% and +12.12%, respectively, from final yr.



nasdaq.com