Wall Street analysts forecast that Blackstone Inc. (BX) will report quarterly earnings of $0.98 per share in its upcoming release, pointing to a year-over-year increase of 1%. It is anticipated that revenues will amount to $2.52 billion, exhibiting an increase of 1.5% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Blackstone Inc. metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Segment Revenues- Realized Principal Investment Income' will reach $47.75 million. The estimate points to a change of +9.3% from the year-ago quarter.
Analysts expect 'Segment Revenues- Base Management Fees' to come in at $1.60 billion. The estimate indicates a year-over-year change of -1.3%.
The collective assessment of analysts points to an estimated 'Segment Revenues- Fee Related Performance Revenues' of $214.03 million. The estimate indicates a change of +44.4% from the prior-year quarter.
Analysts forecast 'Segment Revenues- Total Management and Advisory Fees, Net' to reach $1.65 billion. The estimate indicates a year-over-year change of -0.3%.
The average prediction of analysts places 'Fee-Earning Assets Under Management Rollforward - Private Equity' at $182.69 billion. Compared to the current estimate, the company reported $165.34 billion in the same quarter of the previous year.
The consensus estimate for 'Fee-Earning Assets Under Management Rollforward - Real Estate' stands at $296.87 billion. The estimate compares to the year-ago value of $287.5 billion.
Based on the collective assessment of analysts, 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions' should arrive at $76.66 billion. The estimate is in contrast to the year-ago figure of $72.51 billion.
The combined assessment of analysts suggests that 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' will likely reach $233.40 billion. The estimate compares to the year-ago value of $206.62 billion.
The consensus among analysts is that 'Fee-Earning Assets Under Management' will reach $789.62 billion. Compared to the present estimate, the company reported $731.97 billion in the same quarter last year.
According to the collective judgment of analysts, 'Total Assets Under Management - Hedge Fund Solutions' should come in at $85.69 billion. The estimate compares to the year-ago value of $81.18 billion.
It is projected by analysts that the 'Total Assets Under Management - Credit & Insurance' will reach $319.27 billion. Compared to the current estimate, the company reported $291.27 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Total Assets Under Management - Real Estate' reaching $341.96 billion. Compared to the present estimate, the company reported $331.8 billion in the same quarter last year.
View all Key Company Metrics for Blackstone Inc. here>>>
Over the past month, shares of Blackstone Inc. have returned -1.2% versus the Zacks S&P 500 composite's -0.9% change. Currently, BX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Image: Bigstock
Countdown to Blackstone Inc. (BX) Q1 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that Blackstone Inc. (BX) will report quarterly earnings of $0.98 per share in its upcoming release, pointing to a year-over-year increase of 1%. It is anticipated that revenues will amount to $2.52 billion, exhibiting an increase of 1.5% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Blackstone Inc. metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Segment Revenues- Realized Principal Investment Income' will reach $47.75 million. The estimate points to a change of +9.3% from the year-ago quarter.
Analysts expect 'Segment Revenues- Base Management Fees' to come in at $1.60 billion. The estimate indicates a year-over-year change of -1.3%.
The collective assessment of analysts points to an estimated 'Segment Revenues- Fee Related Performance Revenues' of $214.03 million. The estimate indicates a change of +44.4% from the prior-year quarter.
Analysts forecast 'Segment Revenues- Total Management and Advisory Fees, Net' to reach $1.65 billion. The estimate indicates a year-over-year change of -0.3%.
The average prediction of analysts places 'Fee-Earning Assets Under Management Rollforward - Private Equity' at $182.69 billion. Compared to the current estimate, the company reported $165.34 billion in the same quarter of the previous year.
The consensus estimate for 'Fee-Earning Assets Under Management Rollforward - Real Estate' stands at $296.87 billion. The estimate compares to the year-ago value of $287.5 billion.
Based on the collective assessment of analysts, 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions' should arrive at $76.66 billion. The estimate is in contrast to the year-ago figure of $72.51 billion.
The combined assessment of analysts suggests that 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' will likely reach $233.40 billion. The estimate compares to the year-ago value of $206.62 billion.
The consensus among analysts is that 'Fee-Earning Assets Under Management' will reach $789.62 billion. Compared to the present estimate, the company reported $731.97 billion in the same quarter last year.
According to the collective judgment of analysts, 'Total Assets Under Management - Hedge Fund Solutions' should come in at $85.69 billion. The estimate compares to the year-ago value of $81.18 billion.
It is projected by analysts that the 'Total Assets Under Management - Credit & Insurance' will reach $319.27 billion. Compared to the current estimate, the company reported $291.27 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Total Assets Under Management - Real Estate' reaching $341.96 billion. Compared to the present estimate, the company reported $331.8 billion in the same quarter last year.
View all Key Company Metrics for Blackstone Inc. here>>>
Over the past month, shares of Blackstone Inc. have returned -1.2% versus the Zacks S&P 500 composite's -0.9% change. Currently, BX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>