KKR Q4 EPS Misses at $1.12 as Barclays Cuts Target to $136
Barclays cut KKR’s price target to $136 from $159 after Q4 adjusted EPS of $1.12 fell short of forecasts and revenue reached $5.74 billion. KKR raised $28 billion in Q4 funds and flagged Americas XIII nearing close while its Asia Private Equity and Global Infrastructure funds remain on market.
1. Barclays Price Target Cut
Barclays lowered KKR’s price target to $136 from $159 and retained its Overweight rating after reviewing mixed fourth-quarter results, highlighting concerns over slower-than-expected realizations and reliance on asset sales.
2. Q4 Earnings Results
KKR reported adjusted net income per share of $1.12 versus $1.14 expected, while consolidated revenue climbed to $5.74 billion, substantially above the $2.11 billion consensus forecast, driven by strong fee-related income.
3. Fundraising Performance
During the quarter KKR secured $28 billion in new capital commitments, slightly below projections, and noted its Americas XIII fund is nearing final close, with Asia Private Equity and Global Infrastructure flagship funds still raising capital.
4. Fiscal 2026 EPS Outlook
Management reaffirmed its fiscal 2026 adjusted EPS target above $7, emphasizing that achieving this level depends on robust realizations from existing funds and continued fundraising success.