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) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest close session, BlackRock (BLK - Free Report) was down 1.3% at $1,065.60. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The investment firm's shares have seen a decrease of 8.02% over the last month, not keeping up with the Finance sector's loss of 0.73% and the S&P 500's loss of 0.82%.
Investors will be eagerly watching for the performance of BlackRock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $14.24, signifying a 23.29% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $7.44 billion, up 14.26% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $55.86 per share and a revenue of $28.8 billion, demonstrating changes of +16.16% and +18.92%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
Digging into valuation, BlackRock currently has a Forward P/E ratio of 19.33. Its industry sports an average Forward P/E of 11.7, so one might conclude that BlackRock is trading at a premium comparatively.
We can also see that BLK currently has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
BlackRock (BLK) Declines More Than Market: Some Information for Investors
In the latest close session, BlackRock (BLK - Free Report) was down 1.3% at $1,065.60. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The investment firm's shares have seen a decrease of 8.02% over the last month, not keeping up with the Finance sector's loss of 0.73% and the S&P 500's loss of 0.82%.
Investors will be eagerly watching for the performance of BlackRock in its upcoming earnings disclosure. The company's upcoming EPS is projected at $14.24, signifying a 23.29% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $7.44 billion, up 14.26% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $55.86 per share and a revenue of $28.8 billion, demonstrating changes of +16.16% and +18.92%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. At present, BlackRock boasts a Zacks Rank of #3 (Hold).
Digging into valuation, BlackRock currently has a Forward P/E ratio of 19.33. Its industry sports an average Forward P/E of 11.7, so one might conclude that BlackRock is trading at a premium comparatively.
We can also see that BLK currently has a PEG ratio of 1.19. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.