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KKR & Co. Inc. (KKR) Stock Sinks As Market Gains: What You Should Know
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KKR & Co. Inc. (KKR - Free Report) closed at $73.52 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the company had gained 1.2% in the past month. In that same time, the Finance sector gained 4.31%, while the S&P 500 gained 4.56%.
KKR & Co. Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.94, up 91.84% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $784.84 million, up 17.24% from the year-ago period.
It is also important to note the recent changes to analyst estimates for KKR & Co. Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. KKR & Co. Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that KKR & Co. Inc. has a Forward P/E ratio of 18.82 right now. For comparison, its industry has an average Forward P/E of 11.61, which means KKR & Co. Inc. is trading at a premium to the group.
We can also see that KKR currently has a PEG ratio of 1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 0.83 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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KKR & Co. Inc. (KKR) Stock Sinks As Market Gains: What You Should Know
KKR & Co. Inc. (KKR - Free Report) closed at $73.52 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the company had gained 1.2% in the past month. In that same time, the Finance sector gained 4.31%, while the S&P 500 gained 4.56%.
KKR & Co. Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.94, up 91.84% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $784.84 million, up 17.24% from the year-ago period.
It is also important to note the recent changes to analyst estimates for KKR & Co. Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. KKR & Co. Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that KKR & Co. Inc. has a Forward P/E ratio of 18.82 right now. For comparison, its industry has an average Forward P/E of 11.61, which means KKR & Co. Inc. is trading at a premium to the group.
We can also see that KKR currently has a PEG ratio of 1. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 0.83 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.