Earnings Outlook For BlackRock

BlackRock (NYSE:BLK) is gearing up to announce its quarterly earnings on Friday, 2024-10-11. Here's a quick overview of what investors should know before the release.

Analysts are estimating that BlackRock will report an earnings per share (EPS) of $10.23.

Anticipation surrounds BlackRock's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.41, leading to a 2.55% increase in the share price on the subsequent day.

Here's a look at BlackRock's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

9.95

9.32

8.84

8.26

EPS Actual

10.36

9.81

9.66

10.91

Price Change %

3.0%

-3.0%

1.0%

-1.0%

Tracking BlackRock's Stock Performance

Shares of BlackRock were trading at $955.92 as of October 09. Over the last 52-week period, shares are up 52.17%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on BlackRock

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on BlackRock.

A total of 17 analyst ratings have been received for BlackRock, with the consensus rating being Outperform. The average one-year price target stands at $978.12, suggesting a potential 2.32% upside.

Peer Ratings Comparison

In this comparison, we explore ...