We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BlackRock (BLK) Stock Moves -0.03%: What You Should Know
Read MoreHide Full Article
BlackRock (BLK - Free Report) closed the most recent trading day at $712.76, moving -0.03% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.79%. At the same time, the Dow lost 1.4%, and the tech-heavy Nasdaq lost 0.23%.
Coming into today, shares of the investment firm had gained 8.66% in the past month. In that same time, the Finance sector gained 7.37%, while the S&P 500 gained 8.6%.
BlackRock will be looking to display strength as it nears its next earnings release. In that report, analysts expect BlackRock to post earnings of $7.82 per share. This would mark a year-over-year decline of 24.95%. Our most recent consensus estimate is calling for quarterly revenue of $4.24 billion, down 17.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $33.88 per share and revenue of $17.77 billion. These totals would mark changes of -13.53% and -8.29%, respectively, from last year.
Any recent changes to analyst estimates for BlackRock should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. BlackRock is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 21.04. This represents a premium compared to its industry's average Forward P/E of 11.06.
Meanwhile, BLK's PEG ratio is currently 3.74. 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. The Financial - Investment Management was holding an average PEG ratio of 2.11 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BlackRock (BLK) Stock Moves -0.03%: What You Should Know
BlackRock (BLK - Free Report) closed the most recent trading day at $712.76, moving -0.03% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.79%. At the same time, the Dow lost 1.4%, and the tech-heavy Nasdaq lost 0.23%.
Coming into today, shares of the investment firm had gained 8.66% in the past month. In that same time, the Finance sector gained 7.37%, while the S&P 500 gained 8.6%.
BlackRock will be looking to display strength as it nears its next earnings release. In that report, analysts expect BlackRock to post earnings of $7.82 per share. This would mark a year-over-year decline of 24.95%. Our most recent consensus estimate is calling for quarterly revenue of $4.24 billion, down 17.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $33.88 per share and revenue of $17.77 billion. These totals would mark changes of -13.53% and -8.29%, respectively, from last year.
Any recent changes to analyst estimates for BlackRock should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.05% higher. BlackRock is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 21.04. This represents a premium compared to its industry's average Forward P/E of 11.06.
Meanwhile, BLK's PEG ratio is currently 3.74. 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. The Financial - Investment Management was holding an average PEG ratio of 2.11 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.