For its first fiscal quarter (ending March 31), The Carlyle Group Inc (NASDAQ: CG) has reported a -36% decline in E.P.S. from $0.28 a year ago to $0.18 in the current quarter. This result fell short of the consensus estimate of $1.08 by $-0.90. For the latest four quarters through March 31, E.P.S. were $-1.78 compared to $2.08 a year ago — a decline of -186%.
Recent Price Action
The Carlyle Group Inc (NASDAQ: CG) stock suffered a large decline of -8.5% on 5/1/24. The stock closed at $40.97. Moreover, exceptionally high trading volume at 275% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CG is expected to continue to be a major Value Builder.
Carlyle Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carlyle Group has a slightly negative Appreciation Score of 38 but a very high Power Rating of 95, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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