We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Finance (BLK) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
In the latest trading session, BlackRock Finance (BLK - Free Report) closed at $1,031.49, marking a -0.48% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The investment firm's shares have seen an increase of 6.41% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.
Market participants will be closely following the financial results of BlackRock Finance in its upcoming release. On that day, BlackRock Finance is projected to report earnings of $11.55 per share, which would represent year-over-year growth of 19.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.6 billion, up 20.92% from the year-ago period.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $43.17 per share and revenue of $20.33 billion. These results would represent year-over-year changes of +14.3% and +13.84%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for BlackRock Finance. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.54% rise in the Zacks Consensus EPS estimate. At present, BlackRock Finance boasts a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, BlackRock Finance is holding a Forward P/E ratio of 24.01. This signifies a premium in comparison to the average Forward P/E of 12.85 for its industry.
Meanwhile, BLK's PEG ratio is currently 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Financial - Investment Management industry was having an average PEG ratio of 1.42.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BlackRock Finance (BLK) Stock Dips While Market Gains: Key Facts
In the latest trading session, BlackRock Finance (BLK - Free Report) closed at $1,031.49, marking a -0.48% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The investment firm's shares have seen an increase of 6.41% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.
Market participants will be closely following the financial results of BlackRock Finance in its upcoming release. On that day, BlackRock Finance is projected to report earnings of $11.55 per share, which would represent year-over-year growth of 19.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.6 billion, up 20.92% from the year-ago period.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $43.17 per share and revenue of $20.33 billion. These results would represent year-over-year changes of +14.3% and +13.84%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for BlackRock Finance. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.54% rise in the Zacks Consensus EPS estimate. At present, BlackRock Finance boasts a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, BlackRock Finance is holding a Forward P/E ratio of 24.01. This signifies a premium in comparison to the average Forward P/E of 12.85 for its industry.
Meanwhile, BLK's PEG ratio is currently 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Financial - Investment Management industry was having an average PEG ratio of 1.42.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.