Exploring NYSE:KKR's high growth characteristics.

Our stock screener has detected a potential breakout setup on KKR & CO INC (NYSE:KKR). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:KKR.

Deciphering the Technical Picture of NYSE:KKR

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, KKR scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that KKR is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by KKR over the past year are nicely spread over this period.
• KKR is part of the Capital Markets industry. There are 219 other stocks in this industry. KKR outperforms 94% of them.
• KKR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so KKR is performing more or less in line with the market.
• In the last month KKR has a been trading in the 141.26 - 163.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of KKR for a complete technical analysis.

How do we evaluate the setup for NYSE:KKR?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:KKR currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, KKR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 149.86, a Stop Loss order could be placed below this zone.

Why NYSE:KKR may be interesting for high growth investors.

• KKR & CO INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 56.82% increase. This indicates improving financial performance and the company's effective management of its operations.
• KKR & CO INC has achieved significant quarter-to-quarter (Q2Q) revenue growth of 36.28%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• The 1-year revenue growth of KKR & CO INC (78.71%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• In the most recent financial report, KKR & CO INC reported a 56.82% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The earnings per share (EPS) growth of KKR & CO INC are accelerating: the current Q2Q growth of 56.82% is above the previous year Q2Q growth of -4.35%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its free cash flow (FCF) over the past year, KKR & CO INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• KKR & CO INC has achieved an impressive Return on Equity (ROE) of 12.42%, showcasing its ability to generate favorable returns for shareholders.
• With institutional shareholders at 61.58%, KKR & CO INC demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• With a track record of beating EPS estimates in the last 4 quarters, KKR & CO INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• KKR & CO INC has achieved an impressive Relative Strength (RS) rating of 92.87, showcasing its ability to outperform the broader market. This strong performance positions KKR & CO INC as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.