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 (BLK) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
BlackRock (BLK - Free Report) closed at $961.71 in the latest trading session, marking a +2.96% move from the prior day. This move outpaced the S&P 500's daily gain of 2.91%. Meanwhile, the Dow gained 2.49%, and the Nasdaq, a tech-heavy index, added 3.83%.
Shares of the investment firm have depreciated by 12.57% over the course of the past month, underperforming the Finance sector's loss of 7.75%, and the S&P 500's loss of 7.64%.
Investors will be eagerly watching for the performance of BlackRock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $12.36, signifying a 9.38% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.6 billion, reflecting a 25.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $53.64 per share and revenue of $27.91 billion, which would represent changes of +11.54% and +15.25%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BlackRock. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0% fall in the Zacks Consensus EPS estimate. BlackRock currently has a Zacks Rank of #3 (Hold).
Looking at valuation, BlackRock is presently trading at a Forward P/E ratio of 17.41. This indicates a premium in contrast to its industry's Forward P/E of 9.66.
It's also important to note that BLK currently trades at a PEG ratio of 1.19. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Financial - Investment Management stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 32% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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
BlackRock (BLK) Outperforms Broader Market: What You Need to Know
BlackRock (BLK - Free Report) closed at $961.71 in the latest trading session, marking a +2.96% move from the prior day. This move outpaced the S&P 500's daily gain of 2.91%. Meanwhile, the Dow gained 2.49%, and the Nasdaq, a tech-heavy index, added 3.83%.
Shares of the investment firm have depreciated by 12.57% over the course of the past month, underperforming the Finance sector's loss of 7.75%, and the S&P 500's loss of 7.64%.
Investors will be eagerly watching for the performance of BlackRock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $12.36, signifying a 9.38% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $6.6 billion, reflecting a 25.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $53.64 per share and revenue of $27.91 billion, which would represent changes of +11.54% and +15.25%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BlackRock. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0% fall in the Zacks Consensus EPS estimate. BlackRock currently has a Zacks Rank of #3 (Hold).
Looking at valuation, BlackRock is presently trading at a Forward P/E ratio of 17.41. This indicates a premium in contrast to its industry's Forward P/E of 9.66.
It's also important to note that BLK currently trades at a PEG ratio of 1.19. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Financial - Investment Management stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 32% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.