FS KKR Capital Q1 2024 Adj EPS $0.76 Beats $0.71 Estimate, Sales $434.000M Beat $428.564M Estimate
Portfolio Pulse from Benzinga Newsdesk
FS KKR Capital (FSK) reported Q1 2024 adjusted EPS of $0.76, surpassing the $0.71 estimate, with sales of $434M beating the $428.564M estimate, a 4.82% decrease from the previous year.
May 08, 2024 | 8:20 pm
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FS KKR Capital reported higher than expected Q1 2024 earnings and sales, but noted a decrease in sales compared to last year.
Beating earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the reported decrease in sales year-over-year might temper investor enthusiasm slightly, hence the importance is not at the maximum. The confidence in this analysis is high due to the clear beat on both earnings and sales estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100