Oaktree Capital Group Earnings: Everything You Must Know Now

Oaktree Capital Group (NYSE:OAK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Oaktree Capital Group Earnings Cheat Sheet

Revenue: Rose 1500.76% to $593.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oaktree Capital Group reported adjusted EPS income of $1.95 per share. By that measure, the company beat the mean analyst estimate of $1.53. It beat the average revenue estimate of $518.26 million.

Quoting Management: Howard Marks, Chairman, said, “As we mark our first anniversary of being public, Oaktree’s performance and prospects have never been better. The first quarter’s records for adjusted net income, distributable earnings and the unitholder distribution reflect the strong cash generating capacity of our business. Plus, the substantial incentives created by the quarter’s strong fund returns bode well for our future cash flow.”

Key Stats (on next page)…

Revenue increased 1167.95% from $46.8 million in the previous quarter. EPS increased 43.38% from $1.36 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.25 to a profit $1.27. For the current year, the average estimate has moved up from a profit of $5.14 to a profit of $5.33 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)