Brookfield Corp reports results for the quarter ended June 30 - Earnings Summary

• Brookfield Corp BN reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.35. The mean expectation of five analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 84 cents to 91 cents per share.

• Revenue fell 21.5% to $18.08 billion from a year ago; analysts expected $1.44 billion.

• Brookfield Corp's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $1.39 billion.

• Brookfield Corp shares had risen by 10.2% this quarter and gained 12.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is "buy."

This summary was machine generated from LSEG data August 7 at 04:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)