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BlackRock (BLK) Dips More Than Broader Markets: What You Should Know
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BlackRock (BLK - Free Report) closed the most recent trading day at $897.29, moving -1.78% from the previous trading session. This change lagged the S&P 500's daily loss of 1.14%. At the same time, the Dow lost 1.23%, and the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the investment firm had lost 0.15% in the past month. In that same time, the Finance sector lost 2.94%, while the S&P 500 lost 1.37%.
Investors will be hoping for strength from BlackRock as it approaches its next earnings release. On that day, BlackRock is projected to report earnings of $10.14 per share, which would represent a year-over-year decline of 0.39%. Meanwhile, our latest consensus estimate is calling for revenue of $5.15 billion, up 14.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $38.93 per share and revenue of $19.39 billion. These totals would mark changes of +15.11% and +19.68%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for BlackRock. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. BlackRock is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 23.47. This valuation marks a premium compared to its industry's average Forward P/E of 11.4.
It is also worth noting that BLK currently has a PEG ratio of 2.13. 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. BLK's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BlackRock (BLK) Dips More Than Broader Markets: What You Should Know
BlackRock (BLK - Free Report) closed the most recent trading day at $897.29, moving -1.78% from the previous trading session. This change lagged the S&P 500's daily loss of 1.14%. At the same time, the Dow lost 1.23%, and the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the investment firm had lost 0.15% in the past month. In that same time, the Finance sector lost 2.94%, while the S&P 500 lost 1.37%.
Investors will be hoping for strength from BlackRock as it approaches its next earnings release. On that day, BlackRock is projected to report earnings of $10.14 per share, which would represent a year-over-year decline of 0.39%. Meanwhile, our latest consensus estimate is calling for revenue of $5.15 billion, up 14.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $38.93 per share and revenue of $19.39 billion. These totals would mark changes of +15.11% and +19.68%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for BlackRock. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% higher within the past month. BlackRock is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 23.47. This valuation marks a premium compared to its industry's average Forward P/E of 11.4.
It is also worth noting that BLK currently has a PEG ratio of 2.13. 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. BLK's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.