BlackRock Gains 1.01% While Q1 EPS Forecast Jumps 9.9%
BlackRock shares rose 1.01% to close at $967.36, outpacing the S&P 500’s 0.21% drop despite an 11.32% one-month slump lagging the Finance sector’s 5.83% loss. Analysts project Q1 EPS of $12.42 (+9.9% YoY) on $6.64 billion revenue (+25.8%).
1. Daily Performance
BlackRock ended Wednesday’s trading session at $967.36, marking a 1.01% gain that outpaced the S&P 500’s 0.21% loss, the Dow’s 0.07% decline and the Nasdaq’s 0.01% rise. Over the past month, the stock has fallen 11.32%, underperforming the Finance sector’s 5.83% drop and the S&P 500’s 2.26% fall.
2. Upcoming Earnings Estimates
Analysts estimate BlackRock will report Q1 earnings of $12.42 per share, reflecting 9.91% year-over-year growth, on revenue of $6.64 billion, up 25.76%. Full-year Zacks Consensus forecasts call for EPS of $53.64 (+11.54%) and revenue of $27.79 billion (+14.75%).
3. Valuation Metrics
BlackRock trades at a forward P/E of 17.85, a premium to the Financial – Investment Management industry average of 10.12. Its PEG ratio stands at 1.2 versus the industry’s 0.82, and the sector ranks in the bottom 29% of over 250 industries by Zacks Industry Rank.