This story originally appeared on Zacks
In the latest trading session, Ares Capital (ARCC) closed at $20.67, marking a +1.17% move from the previous day. This change outpaced the S&P 500’s 0.62% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the private equity firm had gained 0.19% over the past month, outpacing the Finance sector’s loss of 1.47% and lagging the S&P 500’s gain of 0.87% in that time.
Investors will be hoping for strength from Ares Capital as it approaches its next earnings release. On that day, Ares Capital is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 12.96%. Our most recent consensus estimate is calling for quarterly revenue of $461.4 million, up 4.86% from the year-ago period.