Kennedy-Wilson Holdings Q3 2023 Adj EPS $(0.34) Misses $0.08 Estimate, Sales $141.30M Beat $130.88M Estimate
Portfolio Pulse from totan@benzinga.com
Kennedy-Wilson Holdings (NYSE:KW) reported Q3 2023 earnings with an adjusted EPS of $(0.34), missing the analyst consensus estimate of $0.08 by 525%. This is a 383.33% decrease from the same period last year. However, the company's quarterly sales of $141.30 million beat the analyst consensus estimate of $130.88 million by 7.96%, a 1.22% increase from the same period last year.
November 01, 2023 | 9:02 pm
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NEUTRAL IMPACT
Kennedy-Wilson Holdings reported a significant miss in Q3 2023 earnings but beat sales estimates. This mixed result could lead to uncertainty in the market.
Kennedy-Wilson's earnings miss is a negative signal to investors, which could put downward pressure on the stock. However, the sales beat could offset this to some extent, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100