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.
Why BlackRock (BLK) Outpaced the Stock Market Today
Read MoreHide Full Article
BlackRock (BLK - Free Report) closed the most recent trading day at $1,083.36, moving +1.12% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.68% for the day. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.33%.
Heading into today, shares of the investment firm had lost 1.33% over the past month, lagging the Finance sector's gain of 1.58% and the S&P 500's gain of 1.8%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. It is anticipated that the company will report an EPS of $12.79, marking a 7.21% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.75 billion, reflecting a 18.86% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $47.75 per share and a revenue of $23.99 billion, demonstrating changes of +9.49% and +17.54%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for BlackRock. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
In the context of valuation, BlackRock is at present trading with a Forward P/E ratio of 22.44. Its industry sports an average Forward P/E of 12.86, so one might conclude that BlackRock is trading at a premium comparatively.
Investors should also note that BLK has a PEG ratio of 1.61 right now. 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. By the end of yesterday's trading, the Financial - Investment Management industry had an average PEG ratio of 1.26.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why BlackRock (BLK) Outpaced the Stock Market Today
BlackRock (BLK - Free Report) closed the most recent trading day at $1,083.36, moving +1.12% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.68% for the day. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.33%.
Heading into today, shares of the investment firm had lost 1.33% over the past month, lagging the Finance sector's gain of 1.58% and the S&P 500's gain of 1.8%.
Market participants will be closely following the financial results of BlackRock in its upcoming release. It is anticipated that the company will report an EPS of $12.79, marking a 7.21% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.75 billion, reflecting a 18.86% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $47.75 per share and a revenue of $23.99 billion, demonstrating changes of +9.49% and +17.54%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for BlackRock. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
In the context of valuation, BlackRock is at present trading with a Forward P/E ratio of 22.44. Its industry sports an average Forward P/E of 12.86, so one might conclude that BlackRock is trading at a premium comparatively.
Investors should also note that BLK has a PEG ratio of 1.61 right now. 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. By the end of yesterday's trading, the Financial - Investment Management industry had an average PEG ratio of 1.26.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.