Kennedy-Wilson Holdings Q1 2024 GAAP EPS $0.19 Beats $(0.72) Estimate, Sales $136.400M Beat $111.740M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kennedy-Wilson Holdings (NYSE:KW) reported Q1 2024 earnings of $0.19 per share, surpassing the $(0.72) estimate, marking a 163.33% increase from last year. Sales reached $136.4M, beating the $111.74M estimate, a 3.18% increase from the previous year.
May 08, 2024 | 9:15 pm
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Kennedy-Wilson Holdings reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $0.19 against a $(0.72) estimate and sales of $136.4M against a $111.74M estimate.
The substantial beat on both earnings per share and sales estimates for Kennedy-Wilson Holdings indicates strong financial performance and operational efficiency. This outperformance, especially when compared to the previous year's losses, is likely to positively influence investor sentiment and could lead to an uptick in the stock price in the short term. The significant improvement over last year's figures and the surpassing of analyst expectations by a wide margin are key factors contributing to this analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100