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Carlyle (CG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Carlyle Group (CG - Free Report) reported $977.9 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 15.8%. EPS of $0.88 for the same period compares to $1.17 a year ago.
The reported revenue represents a surprise of +20.86% over the Zacks Consensus Estimate of $809.12 million. With the consensus EPS estimate being $0.65, the EPS surprise was +35.38%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 Fee-earning AUM Roll Forward - EOP: $271.40 billion versus $277.53 billion estimated by five analysts on average.
Total AUM Roll Forward - Global Credit - EOP: $151.54 billion versus $157.36 billion estimated by five analysts on average.
Total AUM Roll Forward - EOP: $384.79 billion versus the five-analyst average estimate of $392.69 billion.
Total AUM Roll Forward - Global Private Equity - EOP: $162.80 billion versus the five-analyst average estimate of $166.82 billion.
Segment Revenues- Interest income: $14.30 million versus the six-analyst average estimate of $11.37 million. The reported number represents a year-over-year change of +257.5%.
Segment Revenues- Total segment fee revenues: $606.40 million versus the six-analyst average estimate of $537.81 million. The reported number represents a year-over-year change of +2.2%.
Segment Revenues- Fee related performance revenues: $73.20 million versus the six-analyst average estimate of $28.15 million.
Segment Revenues- Transaction and portfolio advisory fees, net and other: $18.20 million versus the six-analyst average estimate of $17.80 million. The reported number represents a year-over-year change of -56.9%.
Segment Revenues- Realized principal investment income (loss): $22.10 million compared to the $25.14 million average estimate based on six analysts.
Segment Revenues- Realized performance revenues: $335.10 million versus $212.05 million estimated by six analysts on average.
Segment Revenues- Fund management fees: $515 million compared to the $489.86 million average estimate based on six analysts. The reported number represents a change of -0.2% year over year.
Revenues- Global Private Equity- Fund management fees: $330.20 million versus the four-analyst average estimate of $303.05 million.
Shares of Carlyle have returned +9.6% over the past month versus the Zacks S&P 500 composite's +3% 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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Carlyle (CG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Carlyle Group (CG - Free Report) reported $977.9 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 15.8%. EPS of $0.88 for the same period compares to $1.17 a year ago.
The reported revenue represents a surprise of +20.86% over the Zacks Consensus Estimate of $809.12 million. With the consensus EPS estimate being $0.65, the EPS surprise was +35.38%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 Fee-earning AUM Roll Forward - EOP: $271.40 billion versus $277.53 billion estimated by five analysts on average.
- Total AUM Roll Forward - Global Credit - EOP: $151.54 billion versus $157.36 billion estimated by five analysts on average.
- Total AUM Roll Forward - EOP: $384.79 billion versus the five-analyst average estimate of $392.69 billion.
- Total AUM Roll Forward - Global Private Equity - EOP: $162.80 billion versus the five-analyst average estimate of $166.82 billion.
- Segment Revenues- Interest income: $14.30 million versus the six-analyst average estimate of $11.37 million. The reported number represents a year-over-year change of +257.5%.
- Segment Revenues- Total segment fee revenues: $606.40 million versus the six-analyst average estimate of $537.81 million. The reported number represents a year-over-year change of +2.2%.
- Segment Revenues- Fee related performance revenues: $73.20 million versus the six-analyst average estimate of $28.15 million.
- Segment Revenues- Transaction and portfolio advisory fees, net and other: $18.20 million versus the six-analyst average estimate of $17.80 million. The reported number represents a year-over-year change of -56.9%.
- Segment Revenues- Realized principal investment income (loss): $22.10 million compared to the $25.14 million average estimate based on six analysts.
- Segment Revenues- Realized performance revenues: $335.10 million versus $212.05 million estimated by six analysts on average.
- Segment Revenues- Fund management fees: $515 million compared to the $489.86 million average estimate based on six analysts. The reported number represents a change of -0.2% year over year.
- Revenues- Global Private Equity- Fund management fees: $330.20 million versus the four-analyst average estimate of $303.05 million.
View all Key Company Metrics for Carlyle here>>>Shares of Carlyle have returned +9.6% over the past month versus the Zacks S&P 500 composite's +3% 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.