The Carlyle Group Inc (NASDAQ: CG) has reported earnings for its third fiscal quarter (ending September 30) of $0.23 versus $0.77 for the same period a year ago — a decline of -70%. This result fell short of the consensus estimate of $0.71 by $-0.49. For the latest four quarters through September 30, E.P.S. were $0.58 versus $4.86 for the same period a year ago — a decline of -88%.
Recent Price Action
On 11/7/23, The Carlyle Group Inc (NASDAQ: CG) stock increased 1.6%, closing at $29.37. The stock has performed in line with the market over the last nine months and has risen 5.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CG is expected to continue to be a major Value Builder.
Carlyle Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Carlyle Group has a slightly negative Appreciation Score of 40 but a slightly positive Power Rating of 64, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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