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KKR Posts Q1 Beat Despite Weak Bottomline
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KKR Posts Q1 Beat Despite Weak Bottomline

Private equity giant KKR & Co. (NYSE:KKR) has posted a first-quarter EPS of $0.81, outperforming estimates by $0.07. While the company’s bottom line saw a sequential decline amid a challenging macroeconomic backdrop, revenue at $3.13 billion came in ahead of expectations of $1.22 billion.

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Further, the company saw gains in asset management and insurance with AUM rising to $510.1 billion from $503.9 billion at the end of December 31, 2023.

The company clocked $548.6 million in fee-related earnings for the quarter and had uncalled commitments at $106 billion.

Overall, the Street has a $67.23 consensus price target on KKR pointing to a 30.5% potential upside in the stock. That’s on top of a 10.6% rise in KKR shares so far this year.

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