KKR Real Estate Finance Q2 EPS $0.48 Beats $0.26 Estimate, Sales $43.95M Miss $45.86M Estimate
Portfolio Pulse from mahesh@benzinga.com
KKR Real Estate Finance (NYSE:KREF) reported Q2 earnings of $0.48 per share, beating the analyst consensus estimate of $0.26 by 84.62%. However, the company's quarterly sales of $43.95 million missed the analyst consensus estimate of $45.86 million by 4.16%, marking a 4.18% decrease from the same period last year.
July 24, 2023 | 8:27 pm
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KREF's Q2 earnings per share beat estimates, but sales fell short of expectations and decreased from the same period last year.
While KREF's earnings per share exceeded estimates, which could have a positive impact on the stock, the company's sales missed estimates and decreased from the same period last year, which could have a negative impact. Therefore, the overall short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100