KKR & Co Inc (NYSE: KKR) has reported earnings for its third fiscal quarter (ending September 30) of $1.71 versus $0.04 for the same period a year ago — an increase of 4175%. This result exceeded the consensus estimate of $0.83 by $0.88. For the latest four quarters through September 30, E.P.S. were $3.16 versus $-0.13 for the same period a year ago.
Recent Price Action
KKR & Co Inc (NYSE: KKR) stock closed at $62.34 on 11/7/23 after a large increase of 5.0%. The stock has risen 13.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KKR is expected to continue to be a major Value Builder.
KKR has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. KKR has a neutral Appreciation Score of 51 but a good Power Rating of 85, triggering the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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