KKR Real Estate Finance Q3 Adj $0.25 Beats $0.22 Estimate, Sales $44.61M Beat $42.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
KKR Real Estate Finance (KREF) reported Q3 earnings of $0.25 per share, beating the analyst consensus estimate of $0.22 by 13.64%. However, this is a 50% decrease from the same period last year. The company also reported quarterly sales of $44.61 million, beating the estimate of $42.90 million by 3.99%, but this is a 5.71% decrease from last year.
October 23, 2023 | 8:27 pm
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NEUTRAL IMPACT
KREF's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
KREF's earnings and sales beat estimates, which is generally positive for the stock. However, the YoY decreases in both earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100