Ares Capital Stock Outperforms Major Indexes Ahead of Q4 Earnings Report
• Ares Capital (ARCC) stock rose 0.79% on latest trading day, outpacing S&P 500, Dow, and Nasdaq gains • ARCC set to announce earnings on February 7, 2024, with projections of $0.59 EPS (down 6.35% YoY) and $683.52M revenue (up 6.8% YoY) • Zacks Rank system gives ARCC #3 (Hold) ranking based on estimate changes correlated with stock prices • ARCC has Forward P/E ratio of 8.75 vs industry average of 7.71, suggesting potential premium valuation • ARCC's industry ranks in bottom 31% of Zacks sectors, underperforming top 50% by 2-to-1 factor