What to Expect When KKR Reports Q2 Earnings
NEW YORK (TheStreet) -- Shares of KKR (KKR) - Get Report are retreating 1.28% to $13.92 early Monday afternoon ahead of the company's 2016 second quarter results due out before tomorrow's market open.
Wall Street is expecting the New York-based alternative asset manager to post earnings of 5 cents per share on revenue of $275.8 million.
During the same quarter last year, KKR earned 88 cents per share on revenue of $265.6 million.
"We expect to see mediocre 2Q performance, investing trends, and realizations; but an environment developing that is more supportive for realizations, some pockets for investing, and continued fund raising strength to turn into growing fee related earnings over time," Barclays said of the alternative managers group as a whole this morning.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. Among the primary strengths of the company is its expanding profit margins over time.
But the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: KKR