Asset Management Stocks Q2 Results: Benchmarking Ares

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Asset management stocks delivered a very strong second quarter, with the five companies tracked by this analysis beating revenue consensus estimates by 8.4% on average. Ares reported revenues of $1.28 billion, up 25.6% year on year, in line with analyst expectations but with a narrow beat on AUM estimates, and its stock is up 15.6% since reporting to $143.45. Carlyle posted revenues of $1.11 billion, up 13% year on year, beating analyst expectations by 20.7%, though its stock is down 2.6% since reporting to $49.35. Artisan Partners reported revenues of $307.9 million, up 8.9% year on year, exceeding expectations by 2.3%, with the stock up 3.6% to $42.35. Blackstone reported revenues of $3.83 billion, up 23.8% year on year, beating expectations by 10.9%, and its stock is up 17.5% to $144.36. TPG reported revenues of $610.4 million, up 24.7% year on year, topping expectations by 7.8%, with the stock up 9.3% to $53.54.

Impact on stocks 5

Financials · 4 stocks
Ares Management LP
ARES
▲ PositiveCapitalrelevance

Ares reported revenues up 25.6% year on year, in line with expectations but with a narrow beat on AUM estimates, and its stock is up 15.6%.

Carlyle Group Inc
CG
▲ PositiveCapitalrelevance

Carlyle posted revenues up 13% year on year, beating analyst expectations by 20.7%, though its stock is down 2.6%.

TPG Inc
TPG
▲ PositiveCapitalrelevance

TPG reported revenues up 24.7% year on year, topping expectations by 7.8%, and its stock is up 9.3%.

Artificial Intelligence · 1 stocks
Blackstone Group Inc
BX
▲ PositiveCapitalrelevance

Blackstone reported revenues up 23.8% year on year, beating expectations by 10.9%, and its stock is up 17.5%.