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Carlyle Group (CG)
NASDAQ:CG
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.03Last Year’s EPS
$0.86Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -6.75%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in fee-related earnings, fund performance, and fundraising activities. There was strong growth in global wealth inflows, asset-backed finance, and the insurance business. However, there were challenges in achieving management fee growth in certain areas and meeting the annual fundraising target. Overall, the sentiment is positive due to the strong financial and strategic performance.Company Guidance
In the Carlyle Group's Q3 2024 earnings call, the company reported a robust performance driven by strategic initiatives and favorable market conditions. The firm achieved record quarterly fee-related earnings (FRE) with a 36% increase compared to Q3 2023 and FRE margins reaching an all-time high of 47%. Carlyle is on track to meet its annual FRE target of $1.1 billion, reflecting a nearly 30% year-over-year growth. Net accrued performance revenues rose by nearly 30%, representing approximately $8 per share in future earnings. Fundraising efforts yielded $9 billion in new capital for the quarter, totaling $43 billion over the past 12 months, as the company targets about $40 billion in inflows for 2024. The call also highlighted significant growth in global wealth inflows and asset-backed finance, with U.S. leveraged loan issuance expected to exceed $1 trillion for the third time. Overall, Carlyle remains well-positioned to capitalize on an improving macroeconomic environment with a strong leadership focus on driving performance and growth.Record Quarterly Fee-Related Earnings
Fee-related earnings increased by 36% year-over-year, marking a record for the firm. FRE margins reached 47%, up over 10 percentage points from the previous year.
Strong Fund Performance and Appreciation
Corporate private equity fund appreciation drove a nearly 30% increase in net accrued performance revenues compared to the prior quarter, representing almost $8 per share in future earnings.
Robust Fundraising Activity
Carlyle raised $9 billion of new capital in Q3 and $43 billion over the past 12 months. They are targeting around $40 billion of inflows for the year.
Significant Growth in Global Wealth Inflows
Record $1.8 billion of wealth inflows were achieved, nearly three times the previous quarter, with a 70% year-over-year increase in global wealth AUM.
Strong Momentum in Asset-Backed Finance
Asset-backed finance showed accelerating growth, with record leveraged loan and CLO issuance expected to exceed $1 trillion for only the third time.
Insurance Business Expansion
Fortitude's general account assets grew by almost 70% in the past year, with a robust reinsurance pipeline and increased excess capital position.
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CG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $53.85 | $51.99 | -3.45% |
| Aug 05, 2024 | $43.56 | $40.29 | -7.51% |
| May 01, 2024 | $43.76 | $40.01 | -8.57% |
| Feb 07, 2024 | $39.46 | $42.87 | +8.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carlyle Group (CG) report earnings?
Carlyle Group (CG) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Carlyle Group (CG) earnings time?
Carlyle Group (CG) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CG EPS forecast?
CG EPS forecast for the fiscal quarter 2024 (Q4) is $1.03.
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