The Carlyle Group Inc (NASDAQ: CG) has reported earnings for its second fiscal quarter (ending June 30) of $0.41 versus a loss $-0.27 for the same period a year ago. This performance was $-0.42 short of the consensus estimate of $0.83. For the latest four quarters through June 30, E.P.S. were $-1.10 versus $1.13 for the same period a year ago — a decline of -197%.
Recent Price Action
On 8/5/24, The Carlyle Group Inc (NASDAQ: CG) stock suffered a large decline of -7.5%, closing at $40.91. Moreover, exceptionally high trading volume at 223% of normal accompanied the decline. The stock has declined -13.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Carlyle Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Carlyle Group has a slightly negative Appreciation Score of 33 but a good Power Rating of 74, producing the High 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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