Ares Capital (ARCC) closed the newest buying and selling day at $18.37, shifting +0.22% from the ea
Ares Capital (ARCC) closed the newest buying and selling day at $18.37, shifting +0.22% from the earlier buying and selling session. This alteration lagged the S&P 500’s 1.09% achieve on the day. On the identical time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.34%.
Heading into at this time, shares of the personal fairness agency had misplaced 4.51% over the previous month, lagging the Finance sector’s lack of 1.13% and the S&P 500’s lack of 1.17% in that point.
Wall Avenue will likely be in search of 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. Our most up-to-date consensus estimate is looking for quarterly income of $370.25 million, up 8.26% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates recommend analysts expect 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.
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