Market Overview

A Preview Of BlackRock's Earnings

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On Tuesday, October 13, BlackRock (NYSE: BLK) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Analysts covering BlackRock modeled for quarterly EPS of $7.80 on revenue of $3.93 billion. In the same quarter last year, BlackRock reported EPS of $7.15 on revenue of $3.69 billion. The analyst consensus estimate would represent a 9.09% increase in the company's EPS figure. Revenue would be up 6.45% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 6.97 6.39 7.66 6.97
EPS Actual 7.85 6.60 8.34 7.15
Revenue Estimate 3.46 B 3.58 B 3.83 B 3.70 B
Revenue Actual 3.65 B 3.71 B 3.98 B 3.69 B

Stock Performance

Shares of BlackRock were trading at $611.68 as of October 09.Over the last 52-week period, shares are up 38.56%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Analysts seem to have developed a neutral outlook on the upcoming earnings release in recent days versus 90 days ago. The general EPS consensus estimate since that time has moved up 11.91% while revenue estimates have moved up 6.45%.

Do not be surprised to see the stock move on comments made during its conference call. BlackRock is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.blackrock.com%2F&eventid=2633789&sessionid=1&key=8DAA259B86C937EE872DE906BB80F8F7&regTag=&sourcepage=register

 

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Posted-In: Earnings