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Exploring Analyst Estimates for BlackRock (BLK) Q3 Earnings, Beyond Revenue and EPS
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Wall Street analysts forecast that BlackRock (BLK - Free Report) will report quarterly earnings of $14.01 per share in its upcoming release, pointing to a year-over-year increase of 21.3%. It is anticipated that revenues will amount to $7.45 billion, exhibiting an increase of 14.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific BlackRock metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Technology services revenue' should come in at $582.72 million. The estimate suggests a change of +13.2% year over year.
Analysts' assessment points toward 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' reaching $2.79 billion. The estimate indicates a change of +29.5% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Total investment advisory, administration fees and securities lending revenue' will reach $6.01 billion. The estimate indicates a change of +19.2% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Distribution fees' at $414.72 million. The estimate indicates a year-over-year change of +16.8%.
Analysts predict that the 'Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term' will reach $5.67 billion. The estimate indicates a change of +19.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs' of $443.17 million. The estimate suggests a change of +12.8% year over year.
Analysts expect 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity- ETFs' to come in at $2.12 billion. The estimate indicates a change of +32.6% from the prior-year quarter.
Analysts forecast 'Revenue- Investment advisory, administration fees and securities lending revenue- Non-ETF index' to reach $389.57 million. The estimate indicates a change of +10.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net inflows' should arrive at $171.91 billion. The estimate compares to the year-ago value of $204.64 billion.
The combined assessment of analysts suggests that 'Assets under management - Cash management' will likely reach $1081.48 billion. Compared to the current estimate, the company reported $1004.73 billion in the same quarter of the previous year.
The consensus estimate for 'Total Assets Under Management' stands at $15665.53 billion. Compared to the current estimate, the company reported $13463.63 billion in the same quarter of the previous year.
The consensus among analysts is that 'Net inflows - Product Type - Cash management' will reach $11.35 billion. Compared to the present estimate, the company reported $34.10 billion in the same quarter last year.
Over the past month, BlackRock shares have recorded returns of +0.3% versus the Zacks S&P 500 composite's +1.3% change. Based on its Zacks Rank #3 (Hold), BLK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Exploring Analyst Estimates for BlackRock (BLK) Q3 Earnings, Beyond Revenue and EPS
Wall Street analysts forecast that BlackRock (BLK - Free Report) will report quarterly earnings of $14.01 per share in its upcoming release, pointing to a year-over-year increase of 21.3%. It is anticipated that revenues will amount to $7.45 billion, exhibiting an increase of 14.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific BlackRock metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Technology services revenue' should come in at $582.72 million. The estimate suggests a change of +13.2% year over year.
Analysts' assessment points toward 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' reaching $2.79 billion. The estimate indicates a change of +29.5% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Total investment advisory, administration fees and securities lending revenue' will reach $6.01 billion. The estimate indicates a change of +19.2% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Distribution fees' at $414.72 million. The estimate indicates a year-over-year change of +16.8%.
Analysts predict that the 'Revenue- Investment advisory, administration fees and securities lending revenue- Long-Term' will reach $5.67 billion. The estimate indicates a change of +19.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Investment advisory, administration fees and securities lending revenue- Fixed income- ETFs' of $443.17 million. The estimate suggests a change of +12.8% year over year.
Analysts expect 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity- ETFs' to come in at $2.12 billion. The estimate indicates a change of +32.6% from the prior-year quarter.
Analysts forecast 'Revenue- Investment advisory, administration fees and securities lending revenue- Non-ETF index' to reach $389.57 million. The estimate indicates a change of +10.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net inflows' should arrive at $171.91 billion. The estimate compares to the year-ago value of $204.64 billion.
The combined assessment of analysts suggests that 'Assets under management - Cash management' will likely reach $1081.48 billion. Compared to the current estimate, the company reported $1004.73 billion in the same quarter of the previous year.
The consensus estimate for 'Total Assets Under Management' stands at $15665.53 billion. Compared to the current estimate, the company reported $13463.63 billion in the same quarter of the previous year.
The consensus among analysts is that 'Net inflows - Product Type - Cash management' will reach $11.35 billion. Compared to the present estimate, the company reported $34.10 billion in the same quarter last year.
View all Key Company Metrics for BlackRock here>>>Over the past month, BlackRock shares have recorded returns of +0.3% versus the Zacks S&P 500 composite's +1.3% change. Based on its Zacks Rank #3 (Hold), BLK will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .