Analysts anticipate BlackRock to report an earnings per share (EPS) of $10.73.
The market awaits BlackRock's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings History Snapshot
During the last quarter, the company reported an EPS beat by $0.72, leading to a 1.72% drop in the share price on the subsequent day.
Here's a look at BlackRock's past performance and the resulting price change:
Quarter
Q4 2024
Q3 2024
Q2 2024
Q1 2024
EPS Estimate
11.21
10.38
9.95
9.32
EPS Actual
11.93
11.46
10.36
9.81
Price Change %
-2.0%
4.0%
3.0%
-3.0%
Market Performance of BlackRock's Stock
Shares of BlackRock were trading at $897.08 as of April 09. Over the last 52-week period, shares are up 14.06%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Insights Shared by Analysts on BlackRock
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on BlackRock.
The consensus rating for BlackRock is Outperform, based on 14 analyst ratings. With an average one-year price target of $1116.0, there's a potential 24.4% upside.
Peer Ratings Comparison
In this analysis, we delve into ...
