KKR Real Estate Finance Trust Inc reports results for the quarter ended in December - Earnings Summary

KKR Real Estate Finance Trust

07/02/2024 24:04

* KKR Real Estate Finance Trust Inc  KREF.N  reported a
quarterly
adjusted loss of 37 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 18 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from -62 cents
to 45 cents per share.
    * Revenue fell 10.4% to $46.49 million from a year ago;
analysts
expected $46.29 million. 
    * KKR Real Estate Finance Trust Inc's reported EPS for the
quarter
was a loss of 27 cents​.
    * The company reported a quarterly loss of $18.74 million.
    * KKR Real Estate Finance Trust Inc shares had fallen
by 10.9%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 220.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for KKR Real Estate
Finance Trust Inc is $13.00 
This summary was machine generated from LSEG data February 7 at
12:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           -0.37          Missed
 Sep. 30 2023      0.22           0.25           Beat
 Jun. 30 2023      0.26           0.48           Beat
 Mar. 31 2023      0.47           0.48           Beat