Blackstone Q2 earnings grow
BX•Overview
- Alternative asset manager reported strong Q2 earnings growth and $68.3 of inflows
- Company declared a quarterly dividend of $1.29 per share
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Dividend | $1.29 |
Result Drivers
- AI investment strategy - Co said leaning into artificial intelligence megatrend drove standout investment performance across strategies
- Inflows - Co reported $68.3 bln of inflows in Q2
Analyst Coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the investment management & fund operators peer group is "buy"
- Wall Street's median 12-month price target for Blackstone Inc is $137.00, about 11.5% above its July 22 closing price of $122.82
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
