Kennedy-Wilson Holdings Inc. (KW) stock surged 8.83% in Thursday's trading session, following the company's strong Q4 2024 earnings report.
The real estate investment company reported adjusted earnings per share (EPS) of $0.24 for the quarter ended December 31, 2024. This was significantly higher than the $-1.78 EPS reported in the same quarter last year, and beat analysts' consensus estimate of a $0.32 loss per share. Revenue fell 3.3% year-over-year to $135.5 million, but still exceeded Wall Street expectations of $166.47 million.
The earnings beat and better-than-expected guidance appear to have driven the stock's rally. Kennedy-Wilson shares have gained over 8% so far this quarter, bucking the broader market trend. Analysts remain mixed on the stock, with 2 "hold" ratings and 1 "sell" rating, and a median 12-month price target of $9.45.
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