BN Earnings Prediction
The chart below shows how BN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BN sees a +0.54% change in stock price 10 days leading up to the earnings, and a +2.23% change 10 days following the report. On the earnings day itself, the stock moves by +0.27%. This data can give you a slight idea of what to expect for the next quarter's release.
BN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
20.62B
-15.62%
-10.53%
Gross Margin
25.60%
86.59%
51.39%
Operating Margin
28.95%
90.34%
61.82%
Net Margin
7.36%
5157.14%
-693.55%
EPS
0.01
-91.67%
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No Data Available
BN Earnings Analysis
Brookfield Corporation Corporation (BN.N) Earnings Conference Call
Positive
Record Distributable Earnings Growth: 1. Record Distributable Earnings: Distributable earnings before realizations increased 19% to a record $1.3 billion, equating to $0.80 per share for the quarter, and $4.6 billion or $2.90 per share over the last 12 months.
Fundraising Success: 2. Strong Fundraising Momentum: The company achieved total inflows of $21 billion in the quarter and $135 billion over the last 12 months, with fee-bearing capital at quarter end reaching $539 billion, a 23% increase year-over-year.
Wealth Solutions Earnings Surge: 3. Wealth Solutions Growth: The Wealth Solutions business saw its distributable operating earnings double compared to the prior year quarter, reaching $364 million or $0.23 per share for the quarter, and $1.2 billion or $0.75 per share over the last 12 months.
Asset Sales Success: 4. Significant Asset Monetizations: The company advanced over $17 billion in asset sales recently, including a portfolio of retail parks in the U.K. that generated a 30% IRR and a 2.2 times multiple of capital.
Share Repurchase Strategy: 5. Robust Share Repurchase Program: Over the last 12 months, Brookfield repurchased approximately $1 billion of shares, adding about $0.80 of value to each remaining share, and plans to continue allocating capital to share repurchases.
Negative
Real Estate Portfolio Decline: 1. Declining Real Estate Portfolio Value: The transition and development portfolio has decreased by approximately $1 billion over the past year, indicating challenges in asset management and market conditions.
Wealth Solutions Spread Shortfall: 2. Underperformance in Wealth Solutions Spread: The Wealth Solutions business reported a spread to liability cost of 180 basis points, which is still below the target of 200 basis points, reflecting inefficiencies in capital allocation.
Shareholder Capital Return: 3. High Shareholder Capital Return: Brookfield returned $203 million to shareholders through dividends and share buybacks during the quarter, indicating a reliance on capital return rather than growth reinvestment.
Unrealized Carried Interest: 4. Unrealized Carried Interest Accumulation: The company has accumulated $11.5 billion in unrealized carried interest, which may signal delays in monetizing assets and realizing returns for shareholders.
Weather-Related Risk Concerns: 5. Increased Exposure to Weather-Related Risks: Although the impact from weather-related events was small in Q3, the potential for significant losses in Q4 remains a concern, particularly in the P&C insurance sector.
BN FAQs
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BN Earning Call Sentiment
Brookfield Corporation (BN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BN.N
-1.6%Positive
The earnings call highlights strong financial performance with a 19% increase in distributable earnings, significant share repurchases, and growing fee-bearing capital. The Wealth Solutions business shows exceptional growth, and management provides optimistic guidance for future earnings. Shareholder returns are enhanced through dividends and buybacks. Despite some unclear responses in the Q&A, the overall sentiment is positive, supported by strong financial metrics and optimistic future projections.