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KKR & Co. Inc. (KKR) Outpaces Stock Market Gains: What You Should Know
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KKR & Co. Inc. (KKR - Free Report) closed at $72.46 in the latest trading session, marking a +1.83% move from the prior day. This change outpaced the S&P 500's 0.69% gain on the day. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 0.28%.
Prior to today's trading, shares of the company had lost 3.21% over the past month. This has lagged the Finance sector's loss of 0.29% and was narrower than the S&P 500's loss of 5.29% in that time.
Wall Street will be looking for positivity from KKR & Co. Inc. as it approaches its next earnings report date. This is expected to be February 8, 2022. In that report, analysts expect KKR & Co. Inc. to post earnings of $1.20 per share. This would mark year-over-year growth of 144.9%. Our most recent consensus estimate is calling for quarterly revenue of $800.51 million, up 19.58% from the year-ago period.
It is also important to note the recent changes to analyst estimates for KKR & Co. Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. KKR & Co. Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note KKR & Co. Inc.'s current valuation metrics, including its Forward P/E ratio of 16.4. For comparison, its industry has an average Forward P/E of 10.91, which means KKR & Co. Inc. is trading at a premium to the group.
Investors should also note that KKR has a PEG ratio of 0.87 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KKR's industry had an average PEG ratio of 0.79 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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KKR & Co. Inc. (KKR) Outpaces Stock Market Gains: What You Should Know
KKR & Co. Inc. (KKR - Free Report) closed at $72.46 in the latest trading session, marking a +1.83% move from the prior day. This change outpaced the S&P 500's 0.69% gain on the day. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 0.28%.
Prior to today's trading, shares of the company had lost 3.21% over the past month. This has lagged the Finance sector's loss of 0.29% and was narrower than the S&P 500's loss of 5.29% in that time.
Wall Street will be looking for positivity from KKR & Co. Inc. as it approaches its next earnings report date. This is expected to be February 8, 2022. In that report, analysts expect KKR & Co. Inc. to post earnings of $1.20 per share. This would mark year-over-year growth of 144.9%. Our most recent consensus estimate is calling for quarterly revenue of $800.51 million, up 19.58% from the year-ago period.
It is also important to note the recent changes to analyst estimates for KKR & Co. Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.5% higher. KKR & Co. Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note KKR & Co. Inc.'s current valuation metrics, including its Forward P/E ratio of 16.4. For comparison, its industry has an average Forward P/E of 10.91, which means KKR & Co. Inc. is trading at a premium to the group.
Investors should also note that KKR has a PEG ratio of 0.87 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KKR's industry had an average PEG ratio of 0.79 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.