Ares Capital Stock Underperforms as Q4 Earnings Expected to Decline
• Ares Capital (ARCC) stock fell 0.54% on the last trading day, underperforming the S&P 500
• ARCC is projected to report an EPS of $0.59 on Feb 7, a 6.35% decrease year-over-year
• Revenue is expected to rise 6.8% from last year to $683.52 million
• Investors should watch for revisions to analyst forecasts, as positive changes tend to correlate with stock price increases
• ARCC currently has a Zacks Rank of #3 (Hold) and trades at a Forward P/E ratio of 8.78, representing a premium to industry peers