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On Wednesday, May 1, The Carlyle Group (NASDAQ:CG) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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The Carlyle Group EPS will likely be near 38 cents while revenue will be around $526.68 million, according to analysts.
In the same quarter last year, The Carlyle Group posted EPS of 47 cents on sales of $653 million. If the company were to match the consensus estimate when it reports Wednesday, EPS would have fallen 19.15 percent. Sales would be down 19.46 percent from the year-ago period. Here's how the The Carlyle Group's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | -0.05 | 0.52 | 0.51 | 0.47 | 0.58 |
| EPS Actual | -0.15 | 0.25 | 0.69 | 0.47 | 1.01 |
Stock Performance
Shares of The Carlyle Group were trading at $21.48 as of April 29. Over the last 52-week period, shares are up 6.21 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating from analysts on The Carlyle Group stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
The Carlyle Group is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/d28qnax4
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.