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Brookfield Corporation (BN)
NYSE:BN
Holding BN?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.85Last Year’s EPS
$0.78Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 1.48%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, with record distributable earnings and significant asset monetizations. There is strong growth in the Wealth Solutions and Asset Management businesses, alongside successful asset sales with high returns. However, there are some challenges, including the spread on liability costs below target and ongoing pressures in the real estate market. Overall, the sentiment is positive with optimistic forecasts for future growth.Company Guidance
During the Brookfield Corporation Q3 2024 earnings call, the company reported a 19% increase in distributable earnings before realizations to $1.3 billion, translating to $0.80 per share for the quarter. Over the last 12 months, distributable earnings reached $4.6 billion or $2.90 per share. Total net income for the quarter was $1.5 billion. The company highlighted significant monetizations totaling over $17 billion and committed around $20 billion towards new investments. Brookfield also reported strong momentum in its Wealth Solutions business, with earnings doubling from the previous year, and a robust $539 billion in fee-bearing capital, marking a 23% increase year-over-year. The company plans to scale its private wealth and retail fundraising to nearly $40 billion annually within the next five years, further driving earnings and cash flow generation. Additionally, Brookfield's Asset Management business generated $694 million in distributable earnings for the quarter, supported by $21 billion in quarterly fundraising inflows. The board declared a quarterly dividend of $0.08 per share, reflecting its strong financial position and growth prospects.Record-Breaking Distributable Earnings
Distributable earnings before realizations increased 19% to a record $1.3 billion, equating to $0.80 per share for the quarter.
Strong Fundraising Momentum
Total inflows of $21 billion in the quarter and $135 billion in the last 12 months, with fee-bearing capital reaching $539 billion, a 23% increase from the previous year.
Wealth Solutions Business Growth
Earnings doubled compared to the prior year quarter, with distributable operating earnings of $364 million or $0.23 per share in the quarter.
Successful Asset Sales
Closed or advanced over $17 billion of asset sales, with some transactions generating IRRs as high as 30% and capital multiples of 2.2x to 2.5x.
Real Estate Portfolio Resilience
Core portfolio delivered 4% growth in same-store net operating income, with high occupancy levels of 95% in the retail portfolio.
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BN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $57.53 | $57.72 | +0.33% |
| Aug 08, 2024 | $42.78 | $44.30 | +3.55% |
| May 09, 2024 | $43.77 | $44.03 | +0.59% |
| Feb 08, 2024 | $39.48 | $40.25 | +1.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookfield Corporation (BN) report earnings?
Brookfield Corporation (BN) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Brookfield Corporation (BN) earnings time?
Brookfield Corporation (BN) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BN EPS forecast?
BN EPS forecast for the fiscal quarter 2024 (Q4) is $0.85.
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