A Preview Of BlackRock's Earnings

On Tuesday, October 13, BlackRock 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:

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