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Blackstone Group (BX) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Blackstone Group (BX - Free Report) closed at $32.59, marking a +1.12% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.16%.
Heading into today, shares of the investment manager had gained 12.3% over the past month, outpacing the Finance sector's gain of 2.69% and the S&P 500's gain of 0.49% in that time.
Investors will be hoping for strength from BX as it approaches its next earnings release, which is expected to be January 31, 2019. In that report, analysts expect BX to post earnings of $0.31 per share. This would mark a year-over-year decline of 56.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.44 billion, down 23.6% from the year-ago period.
Investors should also note any recent changes to analyst estimates for BX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 6.66% lower within the past month. BX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BX currently has a Forward P/E ratio of 11.02. This represents a premium compared to its industry's average Forward P/E of 10.04.
We can also see that BX currently has a PEG ratio of 2.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BX's industry had an average PEG ratio of 1.37 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BX in the coming trading sessions, be sure to utilize Zacks.com.
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Blackstone Group (BX) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Blackstone Group (BX - Free Report) closed at $32.59, marking a +1.12% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 0.16%.
Heading into today, shares of the investment manager had gained 12.3% over the past month, outpacing the Finance sector's gain of 2.69% and the S&P 500's gain of 0.49% in that time.
Investors will be hoping for strength from BX as it approaches its next earnings release, which is expected to be January 31, 2019. In that report, analysts expect BX to post earnings of $0.31 per share. This would mark a year-over-year decline of 56.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.44 billion, down 23.6% from the year-ago period.
Investors should also note any recent changes to analyst estimates for BX. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 6.66% lower within the past month. BX is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BX currently has a Forward P/E ratio of 11.02. This represents a premium compared to its industry's average Forward P/E of 10.04.
We can also see that BX currently has a PEG ratio of 2.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BX's industry had an average PEG ratio of 1.37 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BX in the coming trading sessions, be sure to utilize Zacks.com.