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
In the latest close session, BlackRock (BLK - Free Report) was up +2.07% at $943.26. The stock's change was more than the S&P 500's daily gain of 1.01%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 1.22%.
The stock of investment firm has fallen by 13.76% in the past month, lagging the Finance sector's loss of 6.24% and the S&P 500's loss of 2.86%.
The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $12.36, reflecting a 9.38% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.6 billion, up 25.04% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $53.64 per share and revenue of $27.91 billion. These totals would mark changes of +11.54% and +15.25%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0% lower. BlackRock currently has a Zacks Rank of #3 (Hold).
With respect to valuation, BlackRock is currently being traded at a Forward P/E ratio of 17.23. For comparison, its industry has an average Forward P/E of 9.56, which means BlackRock is trading at a premium to the group.
Investors should also note that BLK has a PEG ratio of 1.18 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. BLK's industry had an average PEG ratio of 0.79 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 24% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Why BlackRock (BLK) Outpaced the Stock Market Today
In the latest close session, BlackRock (BLK - Free Report) was up +2.07% at $943.26. The stock's change was more than the S&P 500's daily gain of 1.01%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 1.22%.
The stock of investment firm has fallen by 13.76% in the past month, lagging the Finance sector's loss of 6.24% and the S&P 500's loss of 2.86%.
The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $12.36, reflecting a 9.38% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.6 billion, up 25.04% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $53.64 per share and revenue of $27.91 billion. These totals would mark changes of +11.54% and +15.25%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0% lower. BlackRock currently has a Zacks Rank of #3 (Hold).
With respect to valuation, BlackRock is currently being traded at a Forward P/E ratio of 17.23. For comparison, its industry has an average Forward P/E of 9.56, which means BlackRock is trading at a premium to the group.
Investors should also note that BLK has a PEG ratio of 1.18 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. BLK's industry had an average PEG ratio of 0.79 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 24% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.