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) Reports Q4 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
For the quarter ended December 2023, BlackRock (BLK - Free Report) reported revenue of $4.63 billion, up 6.8% over the same period last year. EPS came in at $9.66, compared to $8.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.63 billion, representing a surprise of +0.13%. The company delivered an EPS surprise of +9.28%, with the consensus EPS estimate being $8.84.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how BlackRock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net inflows: $95.65 billion compared to the $128.83 billion average estimate based on three analysts.
Net inflows - Product Type - Cash management: $32.95 billion versus the three-analyst average estimate of $27.6 billion.
Assets under management - Cash Management: $764.84 billion versus the three-analyst average estimate of $739 billion.
Total Assets Under Management: $10,009 billion versus the three-analyst average estimate of $9,591.57 billion.
Revenue- Technology services revenue: $379 million versus the four-analyst average estimate of $386.03 million. The reported number represents a year-over-year change of +7.4%.
Revenue- Advisory and other revenue: $33 million versus $43.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
Revenue- Investment advisory performance fees: $311 million compared to the $203.69 million average estimate based on four analysts. The reported number represents a change of +36.4% year over year.
Revenue- Distribution fees: $303 million compared to the $320.87 million average estimate based on four analysts. The reported number represents a change of -3.5% year over year.
Revenue- Total investment advisory, administration fees and securities lending revenue: $3.61 billion versus $3.65 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
Revenue- Investment advisory performance fees- Equity: $61 million versus $39.98 million estimated by three analysts on average.
Revenue- Investment advisory performance fees- Alternatives subtotal: $243 million versus $134.65 million estimated by three analysts on average.
Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income subtotal: $864 million compared to the $879.10 million average estimate based on three analysts.
Shares of BlackRock have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BlackRock (BLK) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, BlackRock (BLK - Free Report) reported revenue of $4.63 billion, up 6.8% over the same period last year. EPS came in at $9.66, compared to $8.93 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.63 billion, representing a surprise of +0.13%. The company delivered an EPS surprise of +9.28%, with the consensus EPS estimate being $8.84.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how BlackRock performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net inflows: $95.65 billion compared to the $128.83 billion average estimate based on three analysts.
- Net inflows - Product Type - Cash management: $32.95 billion versus the three-analyst average estimate of $27.6 billion.
- Assets under management - Cash Management: $764.84 billion versus the three-analyst average estimate of $739 billion.
- Total Assets Under Management: $10,009 billion versus the three-analyst average estimate of $9,591.57 billion.
- Revenue- Technology services revenue: $379 million versus the four-analyst average estimate of $386.03 million. The reported number represents a year-over-year change of +7.4%.
- Revenue- Advisory and other revenue: $33 million versus $43.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
- Revenue- Investment advisory performance fees: $311 million compared to the $203.69 million average estimate based on four analysts. The reported number represents a change of +36.4% year over year.
- Revenue- Distribution fees: $303 million compared to the $320.87 million average estimate based on four analysts. The reported number represents a change of -3.5% year over year.
- Revenue- Total investment advisory, administration fees and securities lending revenue: $3.61 billion versus $3.65 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
- Revenue- Investment advisory performance fees- Equity: $61 million versus $39.98 million estimated by three analysts on average.
- Revenue- Investment advisory performance fees- Alternatives subtotal: $243 million versus $134.65 million estimated by three analysts on average.
- Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income subtotal: $864 million compared to the $879.10 million average estimate based on three analysts.
View all Key Company Metrics for BlackRock here>>>Shares of BlackRock have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.