Analyst Consensus ?
ConsensusBuy22 ratings
Bullish1881.8%
Neutral418.2%
Bearish00.0%
Ares Management Corporation · ARES · FY2025 Q1 · Calendar Q2 2025
Ares pairs record scale with continued credit and integration risks
The supplied analysis supports a constructive but conditional view: Ares has multiple growth engines—fundraising, deployment capacity, private-market strategies and wealth distribution—but the case depends on credit quality, transaction activity and successful GCP integration.
Reported Before market openNYSEFinancial Services
$38.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.94
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $915.9M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.3%
Event window
SPY move
-0.6%
Same window
Abnormal move
+2.9%
Stock minus SPY
Volume
0.8×
Versus trailing sessions
Subsequent drift
+4.8%
Up to 20 sessions
ARESSPY benchmark
Ask FN2 about ARES FY2025 Q1
Transcript, numbers and history already loaded
What drove ARES's +2.3% move after FY2025 Q1 earnings?What changed in ARES's guidance and outlook in FY2025 Q1?Give me the bull and bear case for ARES after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds evidence of scale above $0.5 trillion in AUM, record management fees of $818 million, more than $20 billion of new commitments and $142 billion of dry powder. It also identifies early GCP integration progress and keeps credit, margin and macro risks central.
Guidance delta
Maintained; the supplied analysis identifies no change in guidance sentiment.
Key takeaways
- Management described AUM above $0.5 trillion, record management fees and more than $20 billion of new commitments.
- Growth themes included opportunistic credit, data-center real estate, open-end products and wealth distribution.
- Dry powder of $142 billion supports deployment capacity, while non-accruals of 1.5% and low loan-to-value ratios were cited as credit-quality indicators.
- The prior quarter also emphasized fundraising, dry powder and GCP-related expansion, so the core growth narrative remains consistent.
Management priorities
- Advance the Japan data-center fund and open-end infrastructure and sports/media funds.
- Capture synergies from the GCP integration over the next 12–24 months.
- Expand distribution partners in Europe and Asia-Pacific.
- Grow the wealth channel with permanent-capital products.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$116.26Current
$62Low
$158.37Average
$210High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Oppenheimer | Outperform | Outperform | Maintain | Aug 27, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 3, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 3, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 3, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 9, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 9, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 21, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 7, 2026 |
| Raymond James | Strong Buy | Market Perform | Upgrade | Feb 9, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Feb 9, 2026 |
| UBS | Neutral | Neutral | Maintain | Jan 13, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Nov 4, 2025 |
| B of A Securities | Buy | Buy | Maintain | Oct 3, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Aug 6, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 11, 2025 |
| Jefferies | Hold | Hold | Maintain | May 9, 2024 |
| Piper Sandler | Overweight | Overweight | Maintain | Feb 13, 2023 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Nov 25, 2020 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Nov 25, 2020 |
| Credit Suisse | Outperform | Neutral | Upgrade | Nov 25, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 25, 2020 |
Named analyst price targets
Upside is calculated against the persisted current price $116.26. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Daniel Welden | $136 | $116.57 | +17.0% | Oct 1, 2026 |
| Piper Sandler | Crispin Love | $150 | $121.48 | +29.0% | Sep 24, 2026 |
| RBC Capital | Bart Dziarski | $168 | $134.39 | +44.5% | Aug 3, 2026 |
| Deutsche Bank | Analyst unavailable | $144 | $135.01 | +23.9% | Aug 3, 2026 |
| Oppenheimer | Analyst unavailable | $151 | $133.2 | +29.9% | Aug 3, 2026 |
| BMO Capital | Brennan Hawken | $134 | $128.09 | +15.3% | Aug 3, 2026 |
| Morgan Stanley | Analyst unavailable | $160 | $121.14 | +37.6% | Jul 21, 2026 |
| BMO Capital | Analyst unavailable | $128 | $122.06 | +10.1% | Jul 13, 2026 |
| Barclays | Analyst unavailable | $139 | $120.29 | +19.6% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $140 | $119.06 | +20.4% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $163 | $122.32 | +40.2% | Apr 21, 2026 |
| RBC Capital | Bart Dziarski | $173 | $115.94 | +48.8% | Feb 24, 2026 |
| UBS | Analyst unavailable | $148 | $128.16 | +27.3% | Feb 20, 2026 |
| RBC Capital | Analyst unavailable | $180 | $135.12 | +54.8% | Feb 9, 2026 |
| Oppenheimer | Analyst unavailable | $215 | $128.94 | +84.9% | Feb 6, 2026 |
| Goldman Sachs | Analyst unavailable | $165 | $128.7 | +41.9% | Feb 6, 2026 |
| Barclays | Analyst unavailable | $190 | $121.87 | +63.4% | Feb 6, 2026 |
| Deutsche Bank | Brian Bedell | $155 | $121.87 | +33.3% | Feb 6, 2026 |
| Morgan Stanley | Analyst unavailable | $178 | $149.69 | +53.1% | Jan 27, 2026 |
| Oppenheimer | Analyst unavailable | $224 | $167.03 | +92.7% | Jan 20, 2026 |
| UBS | Analyst unavailable | $198 | $169.5 | +70.3% | Jan 13, 2026 |
| Barclays | Analyst unavailable | $222 | $175.75 | +91.0% | Jan 9, 2026 |
| Wolfe Research | Analyst unavailable | $210 | $172.84 | +80.6% | Jan 7, 2026 |
| Barclays | Analyst unavailable | $218 | $176.82 | +87.5% | Dec 12, 2025 |
| UBS | Michael Brown | $201 | $178.3 | +72.9% | Dec 11, 2025 |
| Oppenheimer | Chris Kotowski | $190 | $153.75 | +63.4% | Nov 4, 2025 |
| Morgan Stanley | Analyst unavailable | $175 | $149.21 | +50.5% | Oct 21, 2025 |
| Oppenheimer | Analyst unavailable | $180 | $143.63 | +54.8% | Oct 14, 2025 |
| Barclays | Analyst unavailable | $187 | $148.64 | +60.8% | Oct 8, 2025 |
| JMP Securities | Brian McKenna | $195 | $180.34 | +67.7% | Jul 14, 2025 |
| Wolfe Research | Steven Chubak | $193 | $159.63 | +66.0% | May 6, 2025 |
| Barclays | Benjamin Budish | $182 | $160.96 | +56.5% | May 6, 2025 |
| Wolfe Research | Steven Chubak | $218 | $180.87 | +87.5% | Jan 3, 2025 |
| RBC Capital | Kenneth Lee | $205 | $176.11 | +76.3% | Dec 10, 2024 |
| RBC Capital | Kenneth Lee | $170 | $157.81 | +46.2% | Oct 11, 2024 |
| Morgan Stanley | Michael Cyprys | $162 | $156.95 | +39.3% | Oct 10, 2024 |
| Barclays | Benjamin Budish | $174 | $160.39 | +49.7% | Oct 7, 2024 |
| CFRA | Kenneth Leon | $170 | $156.38 | +46.2% | Sep 23, 2024 |
| Wells Fargo | Michael Brown | $156 | $141.46 | +34.2% | Sep 11, 2024 |
| Redburn Partners | Nicholas Watts | $140 | $146.96 | +20.4% | Aug 27, 2024 |
| Barclays | Benjamin Budish | $155 | $139.26 | +33.3% | Aug 5, 2024 |
| CFRA | Kenneth Leon | $155 | $139.26 | +33.3% | Aug 2, 2024 |
| Barclays | Benjamin Budish | $151 | $134.78 | +29.9% | Jul 10, 2024 |
| Deutsche Bank | Brian Bedell | $132 | $137.49 | +13.5% | Jun 13, 2024 |
| Deutsche Bank | Brian Bedell | $176 | $146.7 | +51.4% | May 28, 2024 |
| UBS | Brent Dilts | $160 | $146.31 | +37.6% | May 22, 2024 |
| RBC Capital | Kenneth Lee | $150 | $136.17 | +29.0% | May 7, 2024 |
| Barclays | Benjamin Budish | $150 | $134.64 | +29.0% | May 3, 2024 |
| Barclays | Analyst unavailable | $87 | $75.1 | -25.2% | Jan 12, 2023 |
| Barclays | Analyst unavailable | $82 | $68.14 | -29.5% | Dec 19, 2022 |
| UBS | Analyst unavailable | $95 | $79.53 | -18.3% | Nov 15, 2022 |
| BMO Capital | Analyst unavailable | $87 | $68.79 | -25.2% | Apr 29, 2022 |
| Morgan Stanley | Analyst unavailable | $90 | $81.94 | -22.6% | Apr 20, 2022 |
| Wells Fargo | Analyst unavailable | $92 | $79.71 | -20.9% | Apr 19, 2022 |
| Barclays | Jeremy Campbell | $62 | $53.55 | -46.7% | Apr 12, 2021 |
Track every rating change on ARES the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAres Management Corporation functions as an investment firm specializing in alternative assets, with operations spanning the United States, Europe, and Asia. Its Tradable Credit division oversees diverse investment vehicles, including pooled funds and separately managed accounts for institutional investors, alongside publicly traded products and sub-advised funds aimed at retail investors, all within the tradable and non-investment grade corporate credit markets. The Direct Lending segment delivers financial solutions to small and medium-sized businesses.…
Historical context
All ARES earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-21T00:03:31.337707+00:00
- Polygon adjusted daily market bars · 2026-10-09T05:20:43.517923+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T05:20:43.515230+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.