Earnings Preview: Analysts Expect Blackstone Group L.P's Revenue, Earnings to Dip
Blackstone Group L.P (NYSE: BX) unveils its next round of earnings this Thursday, October 20, 2011. Here's Benzinga's advanced look at Blackstone Group L.P's third quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 26 cents/share and revenues of $732.8 million. Blackstone Group L.P's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 30 cents/share on revenues of $792.2 million. Investors are bracing themselves for Thursday when we'll learn if Blackstone Group L.P reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.34 | $0.41 | $0.31 | $0.25 |
| EPS Actual | $0.63 | $0.51 | $0.46 | $0.30 |
Stock Performance:
Shares of Blackstone Group L.P were trading at $13.65 as of October 14, 2011. Since January 1st, shares of Blackstone Group L.P have given investors a return of 0.2%. For a full 12 months, the return has risen by 6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Blackstone Group L.P is a Hold.
Competitors:
Wondering how Blackstone Group L.P compares to rivals in the same sector? Here are a few of the company's peers.
- Brookfield Asset Management, Inc. (USA (NYSE: BAM): Moderate Buy with a $1.26 recent quarter EPS
- Franklin Resources (NYSE: BEN): Hold with a $2.26 recent quarter EPS
- Cohen & Steers (NYSE: CNS): Hold with a $0.36 recent quarter EPS
The finance-investment management company's industry has seen price/earnings growth of 1.1% during the current fiscal year.
Finally, a description of the company's main areas of operation: The Blackstone Group is a global alternative asset manager and a provider of financial advisory services.
Take Action:
Now that you've gotten an advanced peak at Blackstone Group L.P's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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