KKR & Co. Inc. (KKR) has reported a third-quarter 2024 adjusted net income per share of $1.38, which surpassed the Zacks Consensus Estimate of $1.18. However, the bottom line increased 56.8% from the prior-year quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results primarily reflected impressive growth in assets under management (AUM) and record transaction fees for the capital markets business. However, increased expenses acted as headwinds.Net income attributable t ...

For the quarter ended September 2024, KKR & Co. Inc. (KKR) reported revenue of $1.42 billion, up 56.8% over the same period last year. EPS came in at $1.38, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.23 billion, representing a surprise of +15.53%. The company delivered an EPS surprise of +16.95%, with the consensus EPS estimate being $1.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Financial Performance - KKR reported GAAP Net Income of $0.7 billion for Q3 2024, compared to $1.5 billion in Q3 2023, and $2.0 billion year-to-date[7]. - Total Revenues for Q3 2024 were $4.79 billion, up 44% from $3.32 billion in Q3 2023[8]. - Adjusted Net Income (ANI) was $1.2 billion in Q3 2024, reflecting a 53% increase year-over-year[9]. - Total Operating Earnings (TOE) for Q3 2024 were $1.3 billion, up 71% from $767 million in Q3 2023[10]. - KKR's total segment earnings for Q3 2024 were $1.63 billion, up 53% from $1.07 billion in Q3 2023[10]. - KKR's share of adjusted revenues from 18 businesses was $3.6 billion for the second quarter of 2024[33]. - The company reported net income of $654.6 million for Q3 2024, down from $1.47 billion in Q3 2023, reflecting a decrease of 55.6%[52]. - Adjusted Net Income for Q3'24 was $1,235,503, up from $779,731 in Q3'23, indicating a 58.5% growth[57]. - Total Operating Earnings for Q3'24 were $1,315,021, a significant increase from $767,552 in Q3'23, reflecting a 71.4% rise[57]. - The company reported a year-to-date Net Income of $2,004,690 for Q3'24, compared to $2,640,085 for the same period in the previous year[56]. Assets Under Management (AUM) - Assets Under Management (AUM) grew to $624 billion, an 18% increase from the previous year[9]. - Assets Under Management (AUM) reached $624 billion, up 18% year-over-year, with $24 billion of organic new capital raised in the quarter[17]. - Fee Paying AUM increased to $506 billion, up 19% year-over-year, with $25 billion of organic new capital raised in the last twelve months[17]. - Global Atlantic's assets under management (AUM) totaled $187 billion, with $140 billion in credit AUM[31]. - Total assets under management reached $516.8 billion, with $107.6 billion in uncalled commitments[44]. Capital Raising and Investments - New Capital Raised in Q3 2024 was $24 billion, contributing to a total of $118 billion year-to-date[9]. - New capital raised in the Private Equity segment was $2.49 billion for 3Q'24, with AUM increasing to $190 billion, a 10% year-over-year growth[21]. - The Real Assets segment saw AUM increase by 31% year-over-year to $163 billion, with $34 billion raised year-to-date[22]. - Capital invested in the Credit and Liquid Strategies segment was $10 billion in the quarter, with AUM increasing to $271 billion, an 18% year-over-year growth[23]. - Total Private Equity commitments amount to $199,366 million, with $21,689 million invested and $10,777 million realized[41]. Earnings and Dividends - Regular dividend of $0.175 per share of common stock was declared for Q3 2024[9]. - Fee Related Earnings (FRE) reached $1.0 billion in Q3 2024, a 79% increase year-over-year, with an annualized FRE of $3.1 billion[9]. - Fee Related Earnings per Adjusted Share rose to $1.12 for 3Q'24, up from $0.63 in 3Q'23[12]. - KKR's investment in asset management segment generated $1.1 billion in fees and other income for Q3 2024[52]. Strategic Developments - KKR increased its ownership in Global Atlantic to 100% at the beginning of 2024, enhancing its financial results[11]. - The company is focused on expanding its market presence through strategic partnerships and acquisitions, including the acquisition of Global Atlantic[76]. - The firm believes that providing non-GAAP measures is helpful for stockholders in assessing overall business performance[67]. Risks and Challenges - KKR's future performance is subject to various risks and uncertainties, which could cause actual results to differ from forward-looking statements[76]. - The company reported high variability in earnings and cash flow, with potential impacts from geopolitical developments and market conditions[79]. - KKR's investment activities are subject to risks such as historical returns not being indicative of future results and dependence on significant leverage in investments[79]. - The company may experience challenges in recruiting and retaining key personnel, which is critical for executing growth strategies[79]. Non-GAAP Measures - KKR's adjusted revenue and adjusted EBITDA are used to monitor the operating performance of the businesses, reflecting a steady state growth profile of the underlying portfolio[65]. - KKR's non-GAAP measures, including adjusted net income and total segment earnings, are presented to provide a clearer view of operational performance without the impact of non-operating items[67]. - Total Segment Earnings excludes equity-based compensation, amortization of acquired intangibles, and transaction-related items, providing a supplemental measure of operating performance[69].

KKR & Co. Inc. (KKR) is slated to report third-quarter 2024 results on Oct. 24, before the opening bell. Its earnings and revenues in the quarter are expected to have increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate. Results benefited from growth in the assets under management (AUM) balance and decline in expenses.The company boasts an impressive earnings surpris ...

Wall Street analysts forecast that KKR & Co. Inc. (KKR) will report quarterly earnings of $1.20 per share in its upcoming release, pointing to a year-over-year increase of 36.4%. It is anticipated that revenues will amount to $1.23 billion, exhibiting an increase of 35.8% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial p ...

Just as we transitioned into 2024, I issued a piece with the title - The Battle Of Two Goliaths: Ares Capital Vs, FS KKR, Which One Will Win In 2024?Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other policy-level work includes the development of na ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buyouts and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities. Analyst's Disclosure: I/we have a beneficial long position in the shares of FSK either through stock ownership, options, or other derivatives. I wrote this ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . The Fed recently cut interest rates by 50 basis points, in a move that is expected to be the start of a prolonged easing cycle, potentially resulting in a move to sub-3% rates in early 2027. I discussed this in a Analyst's Disclosure: I/we have no stock, option or similar deriv ...

LOUISVILLE, Ky., Sept. 13, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced that investment funds managed by KKR & Co. Inc. and its subsidiaries (“KKR”), an existing shareholder of BrightSpring, have entered into an agreement with Walgreen Co. (“WBA”) to purchase 11,619,998 shares of BrightSpring’s common stock from WBA in a private transaction. The t ...

MarsBars I last covered FS KKR Capital (NYSE:FSK) back in early March after the stock had dipped quite sharply. At the time, I asked and answered the question of whether it was worth buying the dip, and my conclusion was yes. Since then, the stock has returned 6.63% to shareholders, slightly outperforming the S&P 500, which delivered 5.48% over that period of time, thereby validating my buy call. In today's article, I am going to revisit the FSK thesis and compare it to the leading BDC sector blue chip, ...