BlackRock Shares Rally 1.8% as Earnings Estimates Rise Nearly 10%
BlackRock shares rose 1.83% in the latest session, outperforming the S&P 500’s 0.56% gain but remain down 3.37% over the past month versus the Finance sector’s 1.23% drop. Q1 EPS is forecast at $12.42 (+9.91% YoY) on revenue of $6.64 billion (+25.76%).
1. Stock Performance
BlackRock shares rose 1.83% in the latest session, outpacing the S&P 500’s 0.56%, Dow’s 0.26% and Nasdaq’s 0.78% gains. Over the past month, the stock has declined 3.37%, underperforming the Finance sector’s 1.23% loss and the S&P 500’s 1.27% drop.
2. Quarterly Earnings Estimates
Analysts forecast Q1 EPS of $12.42, reflecting a 9.91% year-over-year increase, on revenue of $6.64 billion, up 25.76% from the same quarter last year. These estimates will be closely watched when BlackRock reports its results.
3. Annual Projections
For the full fiscal year, consensus calls for $53.64 per share in earnings, an 11.54% rise, and $27.89 billion in revenue, up 15.18% versus the prior year, underscoring ongoing growth in asset management fees and investment performance.
4. Valuation and Rankings
BlackRock trades at a forward P/E of 20 compared to the industry average of 10.95 and carries a PEG ratio of 1.34 versus 0.97. The firm holds a Zacks Rank of #3 and sits in the bottom 45% of its industry group with an industry rank of 137.