Earnings Estimates Moving Higher for KKR Real Estate (KREF): Time to Buy?

Core Insights - The upward trend in earnings estimate revisions for KKR Real Estate reflects growing analyst optimism regarding its earnings prospects, which is expected to positively impact its stock price [1] Earnings Estimates - Consensus earnings estimates for KKR Real Estate have significantly increased for both the next quarter and the full year, indicating strong agreement among analysts in raising these estimates [2] - The company is projected to earn $0.33 per share for the current quarter, representing a year-over-year decline of 29.79% [3] - For the full year, the earnings estimate stands at $1.47 per share, reflecting a decrease of 22.63% compared to the previous year [10] Current-Year Estimate Revisions - The current-year estimate revisions for KKR Real Estate show promise, with one estimate moving higher in the past month and no negative revisions, leading to an overall increase of 11.57% in the consensus estimate [4][9] Zacks Rank and Investment Potential - KKR Real Estate currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for investment based on favorable earnings estimate revisions [5] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [8] - The stock has appreciated by 22.9% over the past four weeks, suggesting further upside potential remains, making it a candidate for portfolio addition [12]