In the latest trading session, Blackstone Group (BX - Free Report) closed at $33.73, marking a -0.06% move from the previous day. This move lagged the S&P 500's daily gain of 0.82%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.79%.
Heading into today, shares of the investment manager had gained 0.42% over the past month, lagging the Finance sector's gain of 4.07% and the S&P 500's gain of 3.94% in that time.
BX will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $0.66, down 7.04% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.58 billion, down 16.14% from the year-ago period.
BX's full-year Zacks Consensus Estimates are calling for earnings of $2.96 per share and revenue of $7.01 billion. These results would represent year-over-year changes of +5.34% and -1.6%, respectively.
Any recent changes to analyst estimates for BX should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.86% lower. BX currently has a Zacks Rank of #3 (Hold).
In terms of valuation, BX is currently trading at a Forward P/E ratio of 11.4. Its industry sports an average Forward P/E of 11.1, so we one might conclude that BX is trading at a premium comparatively.
Also, we should mention that BX has a PEG ratio of 1.1. 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. BX's industry had an average PEG ratio of 1.16 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 150, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks 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.