Recap: KKR Real Estate Finance Q4 Earnings
Portfolio Pulse from Benzinga Insights
KKR Real Estate Finance (NYSE:KREF) reported Q4 earnings with an EPS of $-0.37, missing estimates by 436.36% and showing a revenue decrease of $5.42 million from the previous year. This performance contrasts with the previous quarter where KREF beat EPS estimates, leading to a 2.17% share price increase the following day.
February 06, 2024 | 9:50 pm
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KKR Real Estate Finance reported significantly lower Q4 earnings than expected, with a substantial miss in EPS and a decrease in revenue compared to the previous year.
The substantial miss in EPS estimates and the year-over-year revenue decline are likely to negatively impact investor sentiment and could lead to a decrease in KREF's stock price in the short term. Historical data shows that past earnings performance has influenced stock price movements, as seen in the previous quarter.
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