Ares Capital (NASDAQ:ARCC) will report earnings before markets open on Tuesday, May 7th. Ares Capital Corporation is a closed-end management investment company. The Company seeks to generate both income and capital appreciation through debt and equity investments by primarily investing in U.S. middle market companies.
Here is your Cheat Sheet to Ares Capital Earnings:
Earnings Expectations: Analysts expect earnings of $0.40 per share on revenues of $194.78 million.
Analyst Trends:
Analysts have a more negative outlook for the company?s next-quarter performance. Over the past three months, the average estimate for next quarter?s earnings has fallen from a profit of $0.42 to a profit $0.41. For the current year, the average estimate is a profit of $1.65, which is worse than the estimate ninety days ago.
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Here?s how Ares Capital has been performing on an annual basis:
Fiscal Year | 2008 | 2009 | 2010 | 2011 | 2012 |
Revenue ($) in millions | 240.46 | 245.27 | 483.40 | 634.49 | 748.02 |
Diluted EPS ($) | -1.56 | 1.99 | 3.91 | 1.56 | 2.21 |
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
Quarter | Dec. 31, 2011 | Mar. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 |
Revenue ($) in millions | 187.12 | 167.74 | 177.56 | 190.57 | 212.16 |
Diluted EPS ($) | 0.5759 | 0.49 | 0.41 | 0.59 | 0.7049 |
Past Performance:
Ares Capital has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)
Source: http://wallstcheatsheet.com/stocks/ares-capital-earnings-what-investors-should-watch.html/
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