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BREAKING:

$535B CANADA BUDGET PROJECTS $39.8B DEFICIT, AIMS TO RESTORE ECONOMIC FAIRNESS

It seeks to ease the housing and affordability crisis by making older, wealthier Canadians pay more

KKR & Co. Inc. (KKR) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·3 min read

KKR & Co. Inc. (KKR) closed the most recent trading day at $65.41, moving -0.62% from the previous trading session. This change lagged the S&P 500's 0.28% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.

Prior to today's trading, shares of the company had lost 13.1% over the past month. This has lagged the Finance sector's loss of 0.17% and the S&P 500's loss of 5.39% in that time.

Wall Street will be looking for positivity from KKR & Co. Inc. as it approaches its next earnings report date. The company is expected to report EPS of $1.16, up 136.73% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $800.51 million, up 19.58% from the year-ago period.

Any recent changes to analyst estimates for KKR & Co. Inc. should also be noted by investors. 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.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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.

Looking at its valuation, KKR & Co. Inc. is holding a Forward P/E ratio of 15.16. This represents a premium compared to its industry's average Forward P/E of 11.03.

Meanwhile, KKR's PEG ratio is currently 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Management was holding an average PEG ratio of 0.76 at yesterday's closing price.

The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 24% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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