KKR Real Estate (KREF) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
KKR Real Estate Finance (KREF) reported $44.61 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 12.8%. EPS of $0.47 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $42.39 million, representing a surprise of +5.24%. The company delivered an EPS surprise of +4.44%, with the consensus EPS estimate being $0.45.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how KKR Real Estate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total net interest income: $44.61 million versus $42.39 million estimated by two analysts on average.
Total other income- Revenue from real estate owned operations: $1.80 million compared to the $1.14 million average estimate based on two analysts.
Total other income: $5.44 million versus the two-analyst average estimate of $4.92 million.
Total other income- Other income: $2.81 million versus the two-analyst average estimate of $2.40 million.
Total other income- Income (loss) from equity method investments: $0.84 million versus $1.43 million estimated by two analysts on average.
View all Key Company Metrics for KKR Real Estate here>>>
Shares of KKR Real Estate have returned -15.2% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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KKR Real Estate Finance Trust (KREF) : Free Stock Analysis Report
