Oaktree Capital Group Earnings: Here’s Why the Stock is Rising Now

Oaktree Capital Group LLC (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. Shares are down up 1.55%.

Oaktree Capital Group LLC Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 96.63% to $1.75 in the quarter versus EPS of $0.89 in the year-earlier quarter.

Revenue: Rose 1800.38% to $555.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oaktree Capital Group LLC reported adjusted EPS income of $1.75 per share. By that measure, the company beat the mean analyst estimate of $1.62. It beat the average revenue estimate of $543.91 million.

Quoting Management: Howard Marks, Chairman, said, “Our investment teams continue to deliver both exceptional cash returns and new opportunities for future growth and income. In the second quarter, our closed-end funds distributed $4.7 billion to investors, yielding record incentive income of $338.1 million. As a demonstrated leader in credit strategies, we continue to raise significant capital for our newest products to provide our clients with superior risk-adjusted investment performance across market cycles.”

Key Stats (on next page)…

Revenue increased 1204.89% from $42.54 million in the previous quarter. EPS decreased 10.26% from $1.95 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 $1.14 to a profit $1.15. For the current year, the average estimate has moved up from a profit of $5.85 to a profit of $5.94 over the last ninety days.

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