Should investors worry about BBU's Q3 2024 results?
4/11/2025 01:42pm
**Brookfield Business (BBU) investors should not necessarily worry about the company's Q3 2024 results**, based on the available financial estimates and recent news. Here's why:
1. **Financial Estimates**: The estimated EPS for Brookfield Business in Q3 2024 is $0.1. This suggests that the company is expected to maintain a positive earnings trajectory, which is a reassuring sign for investors.
2. **Brookfield Corporation's Performance**: Brookfield Corporation (BN), the parent company of Brookfield Business, has reported strong second-quarter results with distributable earnings before realizations of $1.1 billion and assets under management growing to approximately $1 trillion. This robust performance indicates a healthy underlying business that could support Brookfield Business's Q3 results.
3. **Market Analysts' Sentiments**: Despite some fluctuations in price targets, analysts have shown confidence in Brookfield Corporation, with TD Securities increasing its price target to $63.00, indicating potential upside from the company's previous close. This sentiment could translate to optimism for Brookfield Business's Q3 results as well.
4. **Brookfield's Strategic Moves**: Brookfield Corporation has completed $800 million of share buybacks, which could signal confidence in the company's future earnings potential. This strategic move might also influence investor perceptions of Q3 results positively.
In conclusion, while it's prudent for investors to monitor Q3 results closely, the current financial estimates, the parent company's performance, and analysts' sentiments suggest that Q3 2024 results may not cause undue worry for Brookfield Business investors.