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MARKETS LIVE BLOG:

STOCKS SLIP AS WAIT FOR NVIDIA EARNINGS NEARS END

Target issues weak forecast as shoppers pull back on spending; shares tumble

Compared to Estimates, Carlyle (CG) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·3 min read

Carlyle Group (CG) reported $1.02 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 35.6%. EPS of $1.01 for the same period compares to $0.63 a year ago.

The reported revenue represents a surprise of -0.73% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +9.78%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Carlyle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total AUM Roll Forward - Global Private Equity - EOP: $159.20 billion versus the four-analyst average estimate of $165.81 billion.

  • Total AUM Roll Forward - Global Credit - EOP: $186.35 billion versus $195.04 billion estimated by four analysts on average.

  • Total AUM Roll Forward - EOP: $425.47 billion compared to the $439.50 billion average estimate based on four analysts.

  • Fee-earning AUM Roll Forward - Global Private Equity - EOP: $104.02 billion versus the four-analyst average estimate of $106.58 billion.

  • Segment Revenues- Realized principal investment income (loss): $33.70 million versus the five-analyst average estimate of $32.64 million. The reported number represents a year-over-year change of +41.6%.

  • Segment Revenues- Realized performance revenues: $397.80 million versus the five-analyst average estimate of $307.55 million. The reported number represents a year-over-year change of +140.9%.

  • Segment Revenues- Fund management fees: $515.60 million versus $539.77 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.

  • Segment Revenues- Transaction and portfolio advisory fees, net and other: $26.70 million versus $23.29 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +62.8% change.

  • Fee related performance revenues: $29.10 million compared to the $38.68 million average estimate based on five analysts.

  • Segment Revenues- Total segment fee revenues: $571.40 million versus $606.52 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.

  • Revenues- Global Credit- Fund management fees: $136.90 million versus $141.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.

  • Revenues- Global Credit- Total fee revenues: $180.70 million versus $182.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18.9% change.

View all Key Company Metrics for Carlyle here>>>

Shares of Carlyle have returned -3.4% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research