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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NEUTRAL IMPACT
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