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Curious about Blackstone Inc. (BX) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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In its upcoming report, Blackstone Inc. (BX - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.30 per share, reflecting a decline of 14.5% compared to the same period last year. Revenues are forecasted to be $3.34 billion, representing a year-over-year increase of 1.3%.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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 Blackstone Inc. metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Segment Revenues- Realized Principal Investment Income' should come in at $47.40 million. The estimate suggests a change of -24.2% year over year.
The combined assessment of analysts suggests that 'Segment Revenues- Credit & Insurance- Total Management Fees, Net' will likely reach $516.91 million. The estimate indicates a year-over-year change of +4%.
Analysts expect 'Segment Revenues- Private Equity- Base Management Fees' to come in at $707.23 million. The estimate suggests a change of +12.5% year over year.
It is projected by analysts that the 'Segment Revenues- Multi-Asset Investing- Total Management Fees, Net' will reach $165.20 million. The estimate points to a change of +19.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Fee-Earning Assets Under Management Rollforward - Private Equity' of $276.19 billion. Compared to the current estimate, the company reported $235.00 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Fee-Earning Assets Under Management Rollforward - Real Estate' should arrive at $278.52 billion. Compared to the present estimate, the company reported $282.58 billion in the same quarter last year.
Analysts' assessment points toward 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions (Multi-Asset Investing)' reaching $100.97 billion. Compared to the present estimate, the company reported $83.45 billion in the same quarter last year.
The average prediction of analysts places 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' at $326.02 billion. Compared to the current estimate, the company reported $305.19 billion in the same quarter of the previous year.
Analysts predict that the 'Fee-Earning Assets Under Management' will reach $981.70 billion. The estimate compares to the year-ago value of $906.22 billion.
The consensus among analysts is that 'Total Assets Under Management - Hedge Fund Solutions (Multi-Asset Investing)' will reach $111.25 billion. Compared to the current estimate, the company reported $93.32 billion in the same quarter of the previous year.
The consensus estimate for 'Total Assets Under Management - Credit & Insurance' stands at $481.30 billion. The estimate compares to the year-ago value of $432.32 billion.
Analysts forecast 'Total Assets Under Management - Real Estate' to reach $317.99 billion. The estimate compares to the year-ago value of $320.49 billion.
Over the past month, shares of Blackstone Inc. have returned -14.7% versus the Zacks S&P 500 composite's +1.5% change. Currently, BX carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Blackstone Inc. (BX) Q3 Performance? Explore Wall Street Estimates for Key Metrics
In its upcoming report, Blackstone Inc. (BX - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.30 per share, reflecting a decline of 14.5% compared to the same period last year. Revenues are forecasted to be $3.34 billion, representing a year-over-year increase of 1.3%.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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 Blackstone Inc. metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Segment Revenues- Realized Principal Investment Income' should come in at $47.40 million. The estimate suggests a change of -24.2% year over year.
The combined assessment of analysts suggests that 'Segment Revenues- Credit & Insurance- Total Management Fees, Net' will likely reach $516.91 million. The estimate indicates a year-over-year change of +4%.
Analysts expect 'Segment Revenues- Private Equity- Base Management Fees' to come in at $707.23 million. The estimate suggests a change of +12.5% year over year.
It is projected by analysts that the 'Segment Revenues- Multi-Asset Investing- Total Management Fees, Net' will reach $165.20 million. The estimate points to a change of +19.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Fee-Earning Assets Under Management Rollforward - Private Equity' of $276.19 billion. Compared to the current estimate, the company reported $235.00 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Fee-Earning Assets Under Management Rollforward - Real Estate' should arrive at $278.52 billion. Compared to the present estimate, the company reported $282.58 billion in the same quarter last year.
Analysts' assessment points toward 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions (Multi-Asset Investing)' reaching $100.97 billion. Compared to the present estimate, the company reported $83.45 billion in the same quarter last year.
The average prediction of analysts places 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' at $326.02 billion. Compared to the current estimate, the company reported $305.19 billion in the same quarter of the previous year.
Analysts predict that the 'Fee-Earning Assets Under Management' will reach $981.70 billion. The estimate compares to the year-ago value of $906.22 billion.
The consensus among analysts is that 'Total Assets Under Management - Hedge Fund Solutions (Multi-Asset Investing)' will reach $111.25 billion. Compared to the current estimate, the company reported $93.32 billion in the same quarter of the previous year.
The consensus estimate for 'Total Assets Under Management - Credit & Insurance' stands at $481.30 billion. The estimate compares to the year-ago value of $432.32 billion.
Analysts forecast 'Total Assets Under Management - Real Estate' to reach $317.99 billion. The estimate compares to the year-ago value of $320.49 billion.
View all Key Company Metrics for Blackstone Inc. here>>>Over the past month, shares of Blackstone Inc. have returned -14.7% versus the Zacks S&P 500 composite's +1.5% change. Currently, BX carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .