The third quarter financial results of Ares Capital Corporation (NASDAQ: ARCC) will be revealed on Wednesday 30th October 2024. The big news will come out before market open, so investors can learn more about how the company is doing financially.
the establishment is projected to announce an estimated per share $0.59 profit for the quarter, as predicted by financial analysts on Wall Street. Moreover, the company is expected to disclose a total revenue of $774.28 million for this period.
During the same quarter of the previous year, the company made public its income of $0.59 per share, which were derived from a quarterly revenue of $655 million.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $3.01 billion. At the same time, the earnings per share for the company are also anticipated to reach profit of $2.4 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.61 | +5.2% | 755.00 M | +19.1% |
| Q1 2024 | $0.59 | +3.5% | 701.00 M | +13.4% |
| Q4 2023 | $0.63 | 0% | 707.00 M | +10.5% |
| Q3 2023 | $0.59 | +18.0% | 655.00 M | +22.0% |
| Q2 2023 | $0.58 | +26.1% | 634.00 M | +32.4% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 30th October 2024 at 10:00 AM eastern time to discuss Q3 financial results.
Ares Capital Corporation (ARCC) shares traded as low as $21.58 and as high as $21.69 on a day volume of 1.89 million shares, closed Monday's regular trading session at $21.67, an increase of 0.42 percent.
