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:
| 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®Tag=&sourcepage=register
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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