Ares Capital (ARCC) to Report Q2 Earnings: What's in Store?

Core Viewpoint - Ares Capital Corporation (ARCC) is expected to report second-quarter 2024 results on July 30, with revenues anticipated to improve year-over-year, while earnings are likely to remain unchanged [1] Earnings & Sales Projections for Q2 - The Zacks Consensus Estimate for ARCC's second-quarter earnings is 58 cents, indicating no change from the prior-year quarter [2] - The consensus estimate for sales is $714.3 million, suggesting a 12.7% rise year-over-year [2] Other Key Estimates for Q2 - The Zacks Consensus Estimate for interest income from investments is$ 524 million, reflecting a 10.1% increase from the prior-year quarter [3] - The consensus estimate for dividend income is $140 million, indicating a year-over-year growth of 13.8% [3] - The estimate for capital structuring service fees is$ 33 million, suggesting a 57.1% year-over-year rise [3] - The consensus estimate for other income is $14 million, implying no growth from the prior-year quarter [3] Expense Projections - Ares Capital has been experiencing higher expenses, with total expenses estimated at$ 378.7 million, indicating a year-over-year rise of 20.6% [4] Earnings Whispers - Ares Capital has an Earnings ESP of 0.00% and currently holds a Zacks Rank 3, indicating uncertainty in beating the Zacks Consensus Estimate for earnings [5]