KKR Real Estate Finance Q2 2024 Adj EPS $(1.57) Beats $(1.67) Estimate, Sales $40.433M Beat $36.820M Estimate
Portfolio Pulse from Benzinga Newsdesk
KKR Real Estate Finance (NYSE:KREF) reported Q2 2024 adjusted EPS of $(1.57), beating the $(1.67) estimate. Sales were $40.433M, surpassing the $36.820M estimate. Despite beating estimates, EPS and sales decreased significantly year-over-year.
July 22, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
KKR Real Estate Finance reported better-than-expected Q2 2024 EPS and sales, but both metrics showed significant declines year-over-year. The EPS of $(1.57) beat the $(1.67) estimate, and sales of $40.433M surpassed the $36.820M estimate.
While KKR Real Estate Finance beat analyst estimates for both EPS and sales, the significant year-over-year declines in both metrics may temper investor enthusiasm. The mixed results could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100