KKR Real Estate Finance (KREF) Q2 Earnings and Revenues Surpass Estimates

Group 1 - KKR Real Estate Finance (KREF) reported quarterly earnings of $0.40 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, but down from $0.48 per share a year ago [1][10] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - KKR Real Estate's revenues for the quarter ended June 2024 were $40.43 million, surpassing the Zacks Consensus Estimate by 8.63%, compared to $43.95 million in the same quarter last year [11] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $36.61 million, and for the current fiscal year, it is $1.33 on revenues of $151.28 million [6] - The estimate revisions trend for KKR Real Estate is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [5] - The outlook for the REIT and Equity Trust industry is currently in the bottom 22% of Zacks industries, which may impact KKR Real Estate's stock performance [7]