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Here's What Key Metrics Tell Us About KKR & Co. (KKR) Q2 Earnings
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KKR & Co. Inc. (KKR - Free Report) reported $1.11 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.5%. EPS of $1.09 for the same period compares to $0.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +3.97%. The company delivered an EPS surprise of +3.81%, with the consensus EPS estimate being $1.05.
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 & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Private Equity - Assets Under Management
: $185.27 billion versus $185.96 billion estimated by two analysts on average.
Assets Under Management
: $601.34 billion versus the two-analyst average estimate of $599.97 billion.
Private Equity - Fee Paying Assets Under Management
: $118.24 billion versus $118.15 billion estimated by two analysts on average.
Fee Paying Assets Under Management
: $487.32 billion versus $486.98 billion estimated by two analysts on average.
Fee Related Earnings- Management Fees
: $847.31 million versus $851.56 million estimated by three analysts on average.
Fee Related Earnings- Fee Related Performance Revenues
: $37.15 million versus $27.58 million estimated by three analysts on average.
Fee Related Earnings- Transaction and Monitoring Fees, Net
: $222.86 million compared to the $190.28 million average estimate based on three analysts.
Operating Earnings- Insurance
: $2.61 billion compared to the $292.86 million average estimate based on three analysts.
Shares of KKR & Co. have returned +13.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About KKR & Co. (KKR) Q2 Earnings
KKR & Co. Inc. (KKR - Free Report) reported $1.11 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.5%. EPS of $1.09 for the same period compares to $0.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.07 billion, representing a surprise of +3.97%. The company delivered an EPS surprise of +3.81%, with the consensus EPS estimate being $1.05.
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 & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for KKR & Co. here>>>Private Equity - Assets Under Management
: $185.27 billion versus $185.96 billion estimated by two analysts on average.Assets Under Management
: $601.34 billion versus the two-analyst average estimate of $599.97 billion.Private Equity - Fee Paying Assets Under Management
: $118.24 billion versus $118.15 billion estimated by two analysts on average.Fee Paying Assets Under Management
: $487.32 billion versus $486.98 billion estimated by two analysts on average.Fee Related Earnings- Management Fees
: $847.31 million versus $851.56 million estimated by three analysts on average.Fee Related Earnings- Fee Related Performance Revenues
: $37.15 million versus $27.58 million estimated by three analysts on average.Fee Related Earnings- Transaction and Monitoring Fees, Net
: $222.86 million compared to the $190.28 million average estimate based on three analysts.Operating Earnings- Insurance
: $2.61 billion compared to the $292.86 million average estimate based on three analysts.Shares of KKR & Co. have returned +13.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.