Ares Management Corporation (NYSE:ARES) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deut ...

Ares Management Corporation Reports Second Quarter 2024 Results NEW YORK--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024. After-tax realized in ...

For the quarter ended June 2024, Ares Management (ARES) reported revenue of $786.5 million, down 0.7% over the same period last year. EPS came in at $0.99, compared to $0.90 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $860.09 million, representing a surprise of -8.56%. The company delivered an EPS surprise of +1.02%, with the consensus EPS estimate being $0.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.02%. A quarter ago, it was expected that this private equity firm would post earnings of $0.93 per share when it actually produced earnings of $0.80, delivering a surprise of -13.98%.Over the last four quarters, ...

| --- | --- | --- | --- | |-------------------------------------------|-------|-------|-------| | | | | | | | | | | | ØARES | | | | | | | | | | Earnings Presentation Second Quarter 2024 | | | | Important Notice This presentation is prepared for Ares Management Corporation ('Ares'') (NYSE: ARES) for the benefit of its public stockholders. This presenta purposes in connection with evaluating the business, operations and financial results of Ares and certain of its affiliates. Any discussio provided solely to ...

In its upcoming report, Ares Management (ARES) is predicted by Wall Street analysts to post quarterly earnings of $0.98 per share, reflecting an increase of 8.9% compared to the same period last year. Revenues are forecasted to be $868.13 million, representing a year-over-year increase of 9.6%.Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their in ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Ares Management (ARES) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 2, 2024, might help the stock move higher if these key numbers are better than ex ...

DENVER, June 24, 2024 /PRNewswire/ -- Unrivaled Sports, a leader in world-class youth and recreational sports experiences, announced today that it has made a strategic investment in SNÖBAHN, the nation's premier indoor action sports center with two locations in Colorado. Additionally, the company announced a strategic investment in its action sports division by Ares Management funds. Ares' investment enhances a team that includes snowboarding legend Shaun White, The Chernin Group (TCG), and Unrivaled Sports ...

Ares Management Corporation (ARES) is in talks on a possible merger with real estate investment firm GLP Capital Partners Ltd. The news was first reported by Bloomberg, citing people with knowledge of the matter who asked not to be identified because the information is private.There is no certainty yet that the talks will lead to a deal. Representatives for ARES and GLP Capital declined to comment on the matter.If finalized, the merger will rank as one of the biggest combinations in the alternative asset ma ...

On its 2024 investor day, Ares Management Corporation (ARES) set out numerous targets for the next five years. ARES has been benefiting from high interest rates and robust demand for private credit. The company will focus on credit, wealth and insurance for its growth.ARES expects to increase assets under management (AUM) to more than $750 billion by the end of 2028. This indicates an increase of more than 75% from the 2023-end reported figure of $419 billion. This will be driven by scaling existing funds, ...