The Carlyle Group (NASDAQ:CG) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Carlyle Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.39 in the quarter versus EPS of $-0.19 in the year-earlier quarter.
Revenue: Rose 209.7% to $769.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Carlyle Group reported adjusted EPS income of $0.39 per share. By that measure, the company missed the mean analyst estimate of $0.56. It beat the average revenue estimate of $548.94 million.
Quoting Management: Carlyle Co-CEO David M. Rubenstein said, “We had a solid quarter across the firm and continued to demonstrate our ability to produce cash distributions for unitholders. Fundraising strengthened across the board, and we continue to invest in growth initiatives to build our capabilities.”
Key Stats (on next page)…
Revenue decreased 32.81% from $1.15 billion in the previous quarter. EPS decreased 61.76% from $1.02 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 $0.71 to a profit $0.73. For the current year, the average estimate has moved down from a profit of $3.16 to a profit of $3.02 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)