Carlyle Q2 Adjusted EPS Beats at $1.07, Analysts Lift Targets to $51
CG sits 20% above its 52-week low of $39.6.
Summary
Carlyle's Q2 adjusted EPS of $1.07 beat the year-ago $0.91, though GAAP EPS fell to $0.37 from $0.87. Revenue came in around $1.11-1.12 billion. The stock has swung 20.3% higher quarter-over-quarter despite a 14.3% year-to-date decline. Following the results, Keefe Bruyette & Woods raised its target to $50 and Evercore ISI to $51, both maintaining existing ratings. This adds analyst conviction to the record fee-related earnings reported last week, signaling that the market is rewarding the earnings quality even as GAAP net income disappointed.
At the time of this announcement, CG was trading at $47.63 on NASDAQ in the Finance sector, with a market capitalization of approximately $17.2B. The 52-week trading range was $39.60 to $69.85. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.