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BlackRock (BLK) Declines More Than Market: Some Information for Investors
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BlackRock (BLK - Free Report) closed the most recent trading day at $1,095.37, moving -2.4% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Coming into today, shares of the investment firm had lost 0.81% in the past month. In that same time, the Finance sector gained 0.23%, while the S&P 500 lost 0.36%.
The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. In that report, analysts expect BlackRock to post earnings of $14.24 per share. This would mark year-over-year growth of 23.29%. Meanwhile, our latest consensus estimate is calling for revenue of $7.44 billion, up 14.26% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $55.86 per share and a revenue of $28.8 billion, indicating changes of +16.16% and +18.92%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, the Zacks Consensus EPS estimate has shifted 0.41% upward. As of now, BlackRock holds a Zacks Rank of #3 (Hold).
Looking at valuation, BlackRock is presently trading at a Forward P/E ratio of 20.09. This indicates a premium in contrast to its industry's Forward P/E of 12.11.
One should further note that BLK currently holds a PEG ratio of 1.24. 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 1.21.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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BlackRock (BLK) Declines More Than Market: Some Information for Investors
BlackRock (BLK - Free Report) closed the most recent trading day at $1,095.37, moving -2.4% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Coming into today, shares of the investment firm had lost 0.81% in the past month. In that same time, the Finance sector gained 0.23%, while the S&P 500 lost 0.36%.
The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. In that report, analysts expect BlackRock to post earnings of $14.24 per share. This would mark year-over-year growth of 23.29%. Meanwhile, our latest consensus estimate is calling for revenue of $7.44 billion, up 14.26% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $55.86 per share and a revenue of $28.8 billion, indicating changes of +16.16% and +18.92%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for BlackRock. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, the Zacks Consensus EPS estimate has shifted 0.41% upward. As of now, BlackRock holds a Zacks Rank of #3 (Hold).
Looking at valuation, BlackRock is presently trading at a Forward P/E ratio of 20.09. This indicates a premium in contrast to its industry's Forward P/E of 12.11.
One should further note that BLK currently holds a PEG ratio of 1.24. 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 1.21.
The Financial - Investment Management industry is part of the Finance sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.