Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,767.16
    +1,784.36 (+3.64%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Compared to Estimates, KKR Real Estate (KREF) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

KKR Real Estate Finance (KREF) reported $39.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.9%. EPS of $0.39 for the same period compares to $0.48 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $43.16 million, representing a surprise of -9.29%. The company delivered an EPS surprise of +5.41%, with the consensus EPS estimate being $0.37.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how KKR Real Estate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total net interest income: $39.14 million versus the two-analyst average estimate of $43.16 million.

  • Total other income: $7.62 million compared to the $5.64 million average estimate based on two analysts.

  • Total other income- Other income: $1.79 million versus the two-analyst average estimate of $2 million.

  • Total other income- Income (loss) from equity method investments: $0.85 million versus the two-analyst average estimate of $0.63 million.

  • Total other income- Revenue from real estate owned operations: $4.98 million compared to the $3.02 million average estimate based on two analysts.

View all Key Company Metrics for KKR Real Estate here>>>

Shares of KKR Real Estate have returned -4.1% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

KKR Real Estate Finance Trust (KREF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research