Private Equity Firm Carlyle Q3 Revenue Misses Consensus On Lower Fee Related Earnings
Portfolio Pulse from Lekha Gupta
The Carlyle Group Inc (NASDAQ:CG) reported Q3 FY23 revenue of $776.6 million, missing the consensus of $809.6 million. Fee-Related Earnings declined 4% Y/Y to $205 million, with realized net performance revenues dropping to $150 million. Adjusted Distributable EPS of $0.87 beat the consensus of $0.72. Total assets under management came in at $382 billion, down 1% Q/Q. The Board of Directors declared a quarterly dividend per share of $0.35.
November 07, 2023 | 5:13 pm
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NEGATIVE IMPACT
Carlyle Group's Q3 FY23 revenue missed consensus and Fee-Related Earnings declined, which could negatively impact the stock. However, the beat on Adjusted Distributable EPS and the declared dividend could provide some support.
The Carlyle Group's revenue miss and decline in Fee-Related Earnings are negative factors that could put downward pressure on the stock. However, the beat on Adjusted Distributable EPS and the declared dividend could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100