Carlyle Group (NASDAQ: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 | 1.017.45% | $40.97 | $41.07 | 0.24% | |
| Blue Owl Cap | May 02, 2024 | 0.16 | 0.176.25% | $18.11 | $18.29 | 0.99% | |
| Main Street Capital | May 09, 2024 | 1.02 | 1.118.82% | $50.76 | $50.8 | 0.08% | |
| AllianceBernstein Holding | April 25, 2024 | 0.71 | 0.732.82% | $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.