Carlyle Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2024, Carlyle Group CG reported revenue of $788.9 million, down 19.3% over the same period last year. EPS came in at $0.78, compared to $0.88 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $841.96 million, representing a surprise of -6.30%. The company delivered an EPS surprise of -7.14%, with the consensus EPS estimate being $0.84.

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 AUM Roll Forward - EOP

  : $434.62 billion versus $435.20 billion estimated by four analysts on average.

• Total Fee-earning AUM Roll Forward - EOP

  : $307.35 billion versus the four-analyst average estimate of $309.53 billion.

• Total AUM Roll Forward - Global Investment Solutions - EOP

  : $80.63 billion versus $80.95 billion estimated by four analysts on average.

• Total AUM Roll Forward - Global Credit - EOP

  : $189.76 billion compared to the $189.97 billion average estimate based on four analysts.

• Segment Revenues- Realized performance revenues

  : $156.50 million compared to the $228.50 million average estimate based on five analysts. The reported number represents a change of -53.3% year over year.

• Segment Revenues- Total segment fee revenues

  : $587.50 million compared to the $579.69 million average estimate based on five analysts. The reported number represents a change of -3.1% year over year.

• Fee related performance revenues

  : $33.10 million versus $39.69 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -54.8% change.

• Segment Revenues- Transaction and portfolio advisory fees, net and other

  : $28.90 million versus the five-analyst average estimate of $25.29 million. The reported number represents a year-over-year change of +58.8%.

• Segment Revenues- Fund management fees

  : $525.50 million compared to the $514.70 million average estimate based on five analysts. The reported number represents a change of +2% year over year.

• Segment Revenues- Realized principal investment income (loss)

  : $26.60 million versus $30.66 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +20.4% change.

• Revenues- Global Credit- Realized principal investment income

  : $19.20 million versus the four-analyst average estimate of $10.47 million. The reported number represents a year-over-year change of +134.2%.

• Revenues- Global Investment Solutions- Fund management fees

  : $79.50 million compared to the $73.70 million average estimate based on four analysts. The reported number represents a change of +37.3% year over year.

Shares of Carlyle have returned +9.8% over the past month versus the Zacks S&P 500 composite's -2.9% 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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