Recap: Carlyle Group Q1 Earnings

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Carlyle Group CG reported its Q1 earnings results on Wednesday, May 1, 2024 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Carlyle Group beat estimated earnings by 7.000000000000001%, reporting an EPS of $1.01 versus an estimate of $0.94.

Revenue was up $268.80 million from the same period last year.

Past Earnings Performance

The company beat on EPS by $0.08 in the last quarter, resulting in a 3.0% increase share price change the following day.

Here's a look at Carlyle Group's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 0.94 0.78 0.72 0.65 0.69
EPS Actual 1.01 0.86 0.87 0.88 0.63
Revenue Estimate 993.28M 850.39M 809.59M 809.12M 813.62M
Revenue Actual 1.02B 896.40M 776.60M 977.90M 754.20M

Recent Earnings Releases from Competitors

Considering Carlyle Group's recent earnings release, it's crucial to evaluate its performance relative to its industry peers, including Blue Owl Cap, Main Street Capital, and AllianceBernstein Holding.

  • Blue Owl Cap's earnings announcement on May 02, 2024 exceeded expectations, with an actual EPS of $0.17 compared to the market's projected EPS of $0.16, resulting in a 6.25% increase.
  • Main Street Capital, earnings revealed on May 09, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $1.02, Main Street Capital exceeded expectations with an EPS of $1.11, reflecting an increase of 8.82% compared to estimates. This outcome is likely to gain investor confidence
  • AllianceBernstein Holding's earnings on April 25, 2024 exceeded market projections, revealing an EPS of $0.73 compared to the estimated EPS of $0.71, resulting in a 2.82% increase.

Comprehensive Analysis: Competitors' Quarterly Earnings and Stock Performance

The analysis presented here offers insights into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.

Company Name Date EPS Expected EPS Announced EPS Change Percent Stock Price At Close Stock Price at Next Day Open Price Change Percent
Carlyle Group May 1, 2024 0.94 1.01 7.45% $40.97 $41.07 0.24%
Blue Owl Cap May 02, 2024 0.16 0.17 6.25% $18.11 $18.29 0.99%
Main Street Capital May 09, 2024 1.02 1.11 8.82% $50.76 $50.8 0.08%
AllianceBernstein Holding April 25, 2024 0.71 0.73 2.82% $33.71 $33.49 -0.65%

Delving into Peer Revenue Comparison: Estimated vs. Announced

The comparison table below presents estimated and announced revenue figures for Carlyle Group's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context for understanding their financial standing within the industry.

Company Name Estimated Revenue Announced Revenue Revenue Surprise Percentage
Carlyle Group 993.28M 1.02B 2.99%
Blue Owl Cap 474.89M 513.34M 8.1%
Main Street Capital 128.01M 131.61M 2.81%
AllianceBernstein Holding 902.78M 1.10B 22.29%

To track all earnings releases for Carlyle Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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