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BlackRock (BLK) Dips More Than Broader Market: What You Should Know
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In the latest close session, BlackRock (BLK - Free Report) was down 1.39% at $1,071.25. The stock's change was less than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Shares of the investment firm have depreciated by 6.71% over the course of the past month, underperforming the Finance sector's loss of 3.48%, and the S&P 500's gain of 0.96%.
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%. Simultaneously, our latest consensus estimate expects the revenue to be $7.44 billion, showing a 14.26% escalation compared to the year-ago quarter.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $55.96 per share and revenue of $28.83 billion. These results would represent year-over-year changes of +16.37% and +19.03%, respectively.
Investors might also notice recent changes to analyst estimates 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 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, 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. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. BlackRock currently has a Zacks Rank of #3 (Hold).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 19.41. Its industry sports an average Forward P/E of 10.97, so one might conclude that BlackRock is trading at a premium comparatively.
Meanwhile, BLK's PEG ratio is currently 1.2. 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. By the end of yesterday's trading, the Financial - Investment Management industry had an average PEG ratio of 1.03.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 35% echelons of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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BlackRock (BLK) Dips More Than Broader Market: What You Should Know
In the latest close session, BlackRock (BLK - Free Report) was down 1.39% at $1,071.25. The stock's change was less than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Shares of the investment firm have depreciated by 6.71% over the course of the past month, underperforming the Finance sector's loss of 3.48%, and the S&P 500's gain of 0.96%.
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%. Simultaneously, our latest consensus estimate expects the revenue to be $7.44 billion, showing a 14.26% escalation compared to the year-ago quarter.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $55.96 per share and revenue of $28.83 billion. These results would represent year-over-year changes of +16.37% and +19.03%, respectively.
Investors might also notice recent changes to analyst estimates 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 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, 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. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. BlackRock currently has a Zacks Rank of #3 (Hold).
Investors should also note BlackRock's current valuation metrics, including its Forward P/E ratio of 19.41. Its industry sports an average Forward P/E of 10.97, so one might conclude that BlackRock is trading at a premium comparatively.
Meanwhile, BLK's PEG ratio is currently 1.2. 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. By the end of yesterday's trading, the Financial - Investment Management industry had an average PEG ratio of 1.03.
The Financial - Investment Management industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 35% echelons of all 250+ industries.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.