KKR Real Estate Finance Q4 Adj EPS $(0.37) Misses $0.11 Estimate, Sales $46.49M Beat $44.72M Estimate
Portfolio Pulse from totan@benzinga.com
KKR Real Estate Finance (KREF) reported a Q4 adjusted EPS of $(0.37), missing the $0.11 estimate by 436.36%, and a 305.56% decrease from last year's $0.18 EPS. However, their sales of $46.49M exceeded the $44.72M estimate by 3.96%, despite being a 10.45% decrease from last year's $51.92M.
February 06, 2024 | 9:38 pm
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NEGATIVE IMPACT
KKR Real Estate Finance reported a significant miss in Q4 adjusted EPS and a decrease in sales compared to last year, though sales exceeded estimates.
The significant miss in EPS compared to estimates and the decrease from the previous year's earnings suggest a negative short-term impact on KREF's stock price. However, the slight beat in sales estimates might provide some cushion. The overall negative earnings report is likely to weigh more heavily on investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100