KKR & Co Shares Up 5% on Q4 Revenue Beat
<p><a href='https://financialmodelingprep.com/financial-summary/KKR'>KKR & Co. (NYSE:KKR) </a> gained more than 5% on Tuesday after the company beat Q4 revenue expectations in tough conditions. Revenue came in at $2.53 billion, significantly better than the Street estimate of $1.44 billion. EPS was $0.09, missing the Street estimate of $0.85. </p>
<p>The insurance operations are performing better than anticipated (and could generate elevated earnings in the near term), while FRE continues to be solid.</p>
<p>Analysts at Deutsche Bank expect a mid-teens CAGR for FRE growth over the next 3 years. They remain optimistic about the company's private wealth buildout over the long term (though it remains a work in progress and requires investment). </p>
<p>The analysts also see the company as especially well positioned within the alternative manager sector to deploy capital across their asset classes at favorable valuations. </p>

NYSE:KKR