FINWIRES · TerminalLIVE
FINWIRES

Research Alert: Brookfield Corporation Reports Distributable Earnings Beat In Q1 2026

By

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

BN, one of the largest ALT firms, delivered Q1 2026 results with distributable earnings of $0.66 per share vs. consensus of $0.63, up from $0.65 a year ago. Asset Management showed robust performance with fee-bearing capital rising 12% to $614B and DE growing 12% to $765M, driven by $21B in Q1 fundraising. BN continues expanding technology investments with $2B in SpaceX shares and strategic energy partnerships, including $80B of nuclear plants through Westinghouse. Management expects to close its seventh vintage flagship private equity strategy soon, while the planned BN-BNT combination should enhance capital efficiency. BN maintains $188B of deployable capital, including $74B of cash and financial assets plus $114B of uncalled commitments. The company has $11.8B of accumulated unrealized carried interest positioned for realization. Just Group acquisition is expected to increase insurance assets to $180B, while BN returned $1.45B to shareholders through $878M in repurchases and $574M in dividends.

Related Articles

Research

Research Alert: Versant Media Revenue Drops On Lower Ad Sales

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Versant Media Group reported first quarter results with revenues of $1.69B, down 1.1% Y/Y, and diluted EPS of $1.99 versus $2.55 in the prior year. The decline reflected continued challenges in linear operations, with distribution revenues falling 7.3% and ad revenues down 5.2%, partially offset by strong Platforms growth of 9.5%. When adjusted for estimated standalone operating costs, Adjusted EBITDA grew 4.8%, showing operational improvement despite headwinds. Management committed to shareholder returns with $100M in share buybacks and plans an additional $100M accelerated repurchase program. The company is launching several D2C products in 2026, including CNBC and MS NOW subscription services, targeting revenue diversification from 19% non-pay TV revenue in 2025 to 33% within three-to-five years. Tracking progress on this revenue mix shift and platform business performance against management's high single-digit organic growth targets will be key focus areas going forward.

$VSNT
Research

Research Alert: Dillard's Q1 Fy 26 Beats Estimates With Strong Comparable Store Sales Growth

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DDS posted normalized Q1 FY 26 (Jan.) EPS of $10.95 vs. $10.36 in the prior year, $1.09 above consensus estimates, on total retail sales of $1.518B, advancing 3% on both a total and comparable store basis. Retail gross margin expanded 30 bps to 45.8%, supported by strength across multiple merchandise categories, particularly home and furniture, ladies' accessories and lingerie, and shoes. The company continues to operate efficiently and commands a much higher multiple than peers, with shares trading at 17x consensus FY 27 EPS estimates. The retailer opened a new 160,000 square foot store in Ohio, bringing its total footprint to 272 locations across 30 states. Operating expenses increased to 28.3% of sales vs. 27.6% in the prior year, primarily due to elevated payroll costs, though the company maintained a strong cash position of $1.158B, up 28.5% Y/Y. We are impressed with the strong comparable store sales growth and believe store count growth represents the next leg of growth for the company.

$DDS
Research

Research Alert: Canada Goose Posts Mixed Q4 Results; Guides For Growth And Margin Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Canada Goose reported Q4 FY 26 (Mar.) revenue growth of 17.9% to CAD453.3M vs. CAD385M, CAD42M above estimates, supported by broad-based strength, with DTC revenue advancing 15.2% and wholesale surging 54.4%. Adjusted diluted EPS improved to CAD0.37 from CAD0.33, CAD0.03 below consensus, while gross margin contracted 170 bps to 69.6% due to product mix headwinds and early Spring/Summer collection delivery timing. The impressive top-line growth was a promising sign; however, margins remain subdued for the luxury name, and FY 27 guidance was underwhelming. Management introduced FY 27 guidance calling for low-single digit revenue growth and adjusted EBIT margin expansion to 11%-12%. Geographic performance showed strength with Asia-Pacific up 22.3%, EMEA rising 33.0%, and North America advancing 8.8%. We note shares trade over 16x consensus FY 27 estimates, reflecting a mid- to high-teen forward P/E multiple that appears elevated given the persistent margin pressures and modest growth outlook ahead.

$GOOS