For the third quarter of 2026, analysts anticipate Ares Management will report consensus revenue of $1.24 billion and EPS of $1.25, with the current price of $122.08 sitting significantly below the $145.15 average analyst price target.
The central focus for investors is the conversion of the company’s massive $114 billion backlog of AUM not yet paying fees into realized management revenue. This deployment pipeline represents a significant growth catalyst as the firm navigates a resilient but cautious deal environment. Despite recent estimate revisions, record fundraising and an expected sequential increase in total assets under management continue to underpin the firm’s long-term expansion trajectory.