For the quarter ended March 2024, Blackstone Inc. (BX - Free Report) reported revenue of $2.55 billion, up 2.6% over the same period last year. EPS came in at $0.98, compared to $0.97 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.51 billion, representing a surprise of +1.73%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blackstone Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Fee-Earning Assets Under Management Rollforward - Private Equity: $170.6 billion versus the five-analyst average estimate of $182.69 billion.
- Fee-Earning Assets Under Management Rollforward - Real Estate: $301.58 billion versus the five-analyst average estimate of $296.59 billion.
- Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions: $73.38 billion versus $77.11 billion estimated by five analysts on average.
- Fee-Earning Assets Under Management Rollforward - Credit & Insurance: $235.83 billion versus $233.62 billion estimated by five analysts on average.
- Segment Revenues- Realized Principal Investment Income: $9.94 million versus the six-analyst average estimate of $48.47 million. The reported number represents a year-over-year change of -77.3%.
- Segment Revenues- Total Management and Advisory Fees, Net: $1.71 billion compared to the $1.65 billion average estimate based on six analysts. The reported number represents a change of +3.3% year over year.
- Segment Revenues- Base Management Fees: $1.64 billion compared to the $1.59 billion average estimate based on six analysts. The reported number represents a change of +1.6% year over year.
- Segment Revenues- Realized Performance Revenues: $536.39 million compared to the $551.62 million average estimate based on six analysts. The reported number represents a change of -16.4% year over year.
- Segment Revenues- Fee Related Performance Revenues: $295.50 million versus the six-analyst average estimate of $212.36 million. The reported number represents a year-over-year change of +99.3%.
- Segment Revenues- Real Estate- Base Management Fees: $694.18 million versus $694.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.6% change.
- Segment Revenues- Real Estate- Realized Performance Revenues: $49.97 million versus the five-analyst average estimate of $174.40 million. The reported number represents a year-over-year change of +350.3%.
- Segment Revenues- Credit & Insurance- Total Management and Advisory Fees, Net: $379.90 million compared to the $316.26 million average estimate based on five analysts. The reported number represents a change of +13.7% year over year.
View all Key Company Metrics for Blackstone Inc. here>>>Shares of Blackstone Inc. have returned -3.6% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended March 2024, Blackstone Inc. (BX - Free Report) reported revenue of $2.55 billion, up 2.6% over the same period last year. EPS came in at $0.98, compared to $0.97 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.51 billion, representing a surprise of +1.73%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Blackstone Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Fee-Earning Assets Under Management Rollforward - Private Equity: $170.6 billion versus the five-analyst average estimate of $182.69 billion.
- Fee-Earning Assets Under Management Rollforward - Real Estate: $301.58 billion versus the five-analyst average estimate of $296.59 billion.
- Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions: $73.38 billion versus $77.11 billion estimated by five analysts on average.
- Fee-Earning Assets Under Management Rollforward - Credit & Insurance: $235.83 billion versus $233.62 billion estimated by five analysts on average.
- Segment Revenues- Realized Principal Investment Income: $9.94 million versus the six-analyst average estimate of $48.47 million. The reported number represents a year-over-year change of -77.3%.
- Segment Revenues- Total Management and Advisory Fees, Net: $1.71 billion compared to the $1.65 billion average estimate based on six analysts. The reported number represents a change of +3.3% year over year.
- Segment Revenues- Base Management Fees: $1.64 billion compared to the $1.59 billion average estimate based on six analysts. The reported number represents a change of +1.6% year over year.
- Segment Revenues- Realized Performance Revenues: $536.39 million compared to the $551.62 million average estimate based on six analysts. The reported number represents a change of -16.4% year over year.
- Segment Revenues- Fee Related Performance Revenues: $295.50 million versus the six-analyst average estimate of $212.36 million. The reported number represents a year-over-year change of +99.3%.
- Segment Revenues- Real Estate- Base Management Fees: $694.18 million versus $694.72 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1.6% change.
- Segment Revenues- Real Estate- Realized Performance Revenues: $49.97 million versus the five-analyst average estimate of $174.40 million. The reported number represents a year-over-year change of +350.3%.
- Segment Revenues- Credit & Insurance- Total Management and Advisory Fees, Net: $379.90 million compared to the $316.26 million average estimate based on five analysts. The reported number represents a change of +13.7% year over year.
View all Key Company Metrics for Blackstone Inc. here>>>Shares of Blackstone Inc. have returned -3.6% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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