KKR Earnings Prediction
The chart below shows how KKR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KKR sees a -5.27% change in stock price 10 days leading up to the earnings, and a +4.77% change 10 days following the report. On the earnings day itself, the stock moves by +1.78%. This data can give you a slight idea of what to expect for the next quarter's release.
KKR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.52B
95.17%
38.25%
Gross Margin
--
--
--
Operating Margin
22.08%
-24.56%
52.17%
Net Margin
22.02%
-69.14%
4.51%
EPS
0.64
-60.49%
-11.11%
No Data Available
KKR Earnings Analysis
KKR & Co. Inc. Corporation (KKR.N) Earnings Conference Call
Positive
Record Fee Earnings Growth: 1. Record Fee-Related Earnings: KKR achieved fee-related earnings of over $1 billion for the first time, with $1.12 per share, marking a 32% increase from the previous quarter and a 78% increase year-over-year.
Capital Raising Momentum: 2. Significant Capital Raised: The company raised $87 billion in new capital year-to-date, more than double the amount raised in the first nine months of 2023, indicating strong fundraising momentum.
Investment Performance Surge: 3. Strong Investment Performance: KKR's gross unrealized carried interest balance increased by 11% from the previous quarter and 42% year-over-year, reflecting robust investment performance.
Record Capital Markets Revenue: 4. Record Capital Markets Revenue: KKR reported capital markets revenues of $424 million in the quarter, driven by increased investment activity, marking a record figure for the company.
Record Operating Earnings: 5. Total Operating Earnings Growth: Total operating earnings reached $1.47 per share, a record for KKR, and represented 81% of segment earnings, showcasing the strength of their business model.
Negative
Earnings Decline in Holdings: 1. Decline in Strategic Holdings Earnings: Strategic holdings operating earnings were only $7 million in Q3, significantly lower than the $62 million net dividends reported for the first half of 2024, indicating a sharp decline in performance expectations.
Insurance Segment Weakness: 2. Weak Performance in Insurance Segment: Insurance operating earnings were $308 million for the quarter, but this was primarily due to a one-time benefit of approximately $50 million from GA's annual actuarial assumption review, suggesting underlying earnings may not be sustainable.
Operating Expenses Increase: 3. Increased Operating Expenses: Other operating expenses rose to $168 million, with expectations for continued modest increases over time, which could pressure overall profitability.
Strategic Partnership Impact: 4. Low Contribution from Strategic Partnerships: Despite the potential of the $3 billion real asset strategic partnership, the immediate impact on earnings remains uncertain, indicating a lack of short-term financial benefit from new partnerships.
Private Equity Fee Trends: 5. Stagnant Private Equity Fee Rates: The fee rate for Private Equity has decreased slightly over the past three quarters, reflecting challenges in maintaining margins amidst increased competition and new product introductions.
KKR FAQs
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KKR Earning Call Sentiment
KKR & Co. Inc. (KKR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KKR.N
-2.62%Positive
The earnings call showed strong financial performance with record-high figures in several areas, including total operating earnings and transaction fees. The Q&A highlighted sustainable growth in infrastructure and asset-based finance, with positive outlooks. Although there was no shareholder return plan, the strategic partnership with Capital Group and optimistic guidance for 2026 are positive. Adjusted net income and fee-related earnings have grown significantly. Despite some uncertainties in monetization timing, the overall sentiment remains positive, indicating a stock price increase of 2% to 8%.