KKR Real Estate Finance KREF is preparing to release its quarterly earnings on Monday, 2024-10-21. Here’s a brief overview of what investors should keep in mind before the announcement.
Analysts expect KKR Real Estate Finance to report an earnings per share (EPS) of $0.34.
KKR Real Estate Finance bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat EPS by $0.09, which was followed by a 14.57% increase in the share price the next day.
Here’s a look at KKR Real Estate Finance’s past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -1.66 | 0.34 | 0.11 | 0.22 |
| EPS Actual | -1.57 | 0.39 | -0.37 | 0.25 |
| Price Change % | 15.0% | -2.0% | -14.000000000000002% | 2.0% |
Performance of KKR Real Estate Finance Shares
Shares of KKR Real Estate Finance were trading at $12.0 as of October 17. Over the last 52-week period, shares are up 19.43%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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