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Blackstone Inc. (BX) Outpaces Stock Market Gains: What You Should Know
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Blackstone Inc. (BX - Free Report) closed the most recent trading day at $85.75, moving +0.67% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.33%.
Heading into today, shares of the investment manager had lost 5.12% over the past month, outpacing the Finance sector's loss of 6.53% and lagging the S&P 500's gain of 1.72% in that time.
Wall Street will be looking for positivity from Blackstone Inc. as it approaches its next earnings report date. On that day, Blackstone Inc. is projected to report earnings of $1.01 per share, which would represent a year-over-year decline of 34.84%. Our most recent consensus estimate is calling for quarterly revenue of $2.51 billion, down 28.33% from the year-ago period.
BX's full-year Zacks Consensus Estimates are calling for earnings of $4.66 per share and revenue of $11.91 billion. These results would represent year-over-year changes of -9.86% and -5.44%, respectively.
Any recent changes to analyst estimates for Blackstone Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Blackstone Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Blackstone Inc. is holding a Forward P/E ratio of 18.29. This represents a premium compared to its industry's average Forward P/E of 9.29.
Meanwhile, BX's PEG ratio is currently 1.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services was holding an average PEG ratio of 0.77 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Blackstone Inc. (BX) Outpaces Stock Market Gains: What You Should Know
Blackstone Inc. (BX - Free Report) closed the most recent trading day at $85.75, moving +0.67% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.33%.
Heading into today, shares of the investment manager had lost 5.12% over the past month, outpacing the Finance sector's loss of 6.53% and lagging the S&P 500's gain of 1.72% in that time.
Wall Street will be looking for positivity from Blackstone Inc. as it approaches its next earnings report date. On that day, Blackstone Inc. is projected to report earnings of $1.01 per share, which would represent a year-over-year decline of 34.84%. Our most recent consensus estimate is calling for quarterly revenue of $2.51 billion, down 28.33% from the year-ago period.
BX's full-year Zacks Consensus Estimates are calling for earnings of $4.66 per share and revenue of $11.91 billion. These results would represent year-over-year changes of -9.86% and -5.44%, respectively.
Any recent changes to analyst estimates for Blackstone Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Blackstone Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Blackstone Inc. is holding a Forward P/E ratio of 18.29. This represents a premium compared to its industry's average Forward P/E of 9.29.
Meanwhile, BX's PEG ratio is currently 1.86. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Miscellaneous Services was holding an average PEG ratio of 0.77 at yesterday's closing price.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.