The market expects KKR Real Estate Finance (KREF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 3. On the other hand, if they miss, the stock may move lower.
While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This real estate finance company is expected to post quarterly earnings of
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Centrica (CNA.L), the owner of British Gas, has agreed to sell-off its US energy business for $3.6bn (£2.87bn) as part of a turnaround plan.
News of the deal sent Centrica’s share price surging over 35% at the open in London.
Centrica chief executive Chris O’Shea said the deal was part of plans “to become a simpler, leaner business” that was “focused on the UK and Ireland where we have leading market positions.”
Centrica acquired Direct Energy in 2000 for $912m in cash, giving the company its first presence in North America. The energy supplier has 2.7 million customers in the US.
News of the proposed sale came as Centrica announced falling earnings, a
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