Alternative asset manager Ares Management (NYSE:ARES) will be reporting results this Thursday before market open. Here’s what to expect.
Ares beat analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $1.14 billion, up 35.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ fee-related earnings estimates and .
Is Ares a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Ares’s revenue to grow 32.7% year on year to $1.64 billion, improving from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.69 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ares has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Ares’s peers in the capital markets segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Blackstone’s revenues decreased 5.1% year on year, beating analysts’ expectations by 6.7%, and Artisan Partners reported revenues up 13%, topping estimates by 3.7%. Blackstone traded down 3% following the results.
Read our full analysis of Blackstone’s results here and Artisan Partners’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the capital markets stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Ares is down 23.5% during the same time and is heading into earnings with an average analyst price target of $194.63 (compared to the current share price of $130.63).
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