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KKR & Co. Inc. (KKR - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 16% in the past one-month time frame.
The move came after the company reported solid third-quarter 2018 results.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for KKR. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
KKR currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Is KKR going up? Or down? Predict to see what others think:Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
KKR in Focus: Stock Moves 6.3% Higher
KKR & Co. Inc. (KKR - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 16% in the past one-month time frame.
The move came after the company reported solid third-quarter 2018 results.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for KKR. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
KKR currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
KKR & Co. L.P. Price
KKR & Co. L.P. Price | KKR & Co. L.P. Quote
Another stock worth considering in the Financial – Investment Management industry is Noah Holdings Ltd. (NOAH - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is KKR going up? Or down? Predict to see what others think:Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>