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Blackstone Group (BX) Dips More Than Broader Markets: What You Should Know

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Blackstone Group (BX - Free Report) closed the most recent trading day at $34.45, moving -1.09% from the previous trading session. This change lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 0.56%.

Prior to today's trading, shares of the investment manager had gained 4% over the past month. This has outpaced the Finance sector's gain of 3.2% and lagged the S&P 500's gain of 5.68% in that time.

BX will be looking to display strength as it nears its next earnings release, which is expected to be April 18, 2019. In that report, analysts expect BX to post earnings of $0.57 per share. This would mark a year-over-year decline of 12.31%. Meanwhile, our latest consensus estimate is calling for revenue of $1.93 billion, up 15.83% from the prior-year quarter.

BX's full-year Zacks Consensus Estimates are calling for earnings of $2.52 per share and revenue of $7.48 billion. These results would represent year-over-year changes of +11.5% and +25.27%, respectively.

Investors might also notice recent changes to analyst estimates for BX. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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 0.66% lower. BX is currently sporting a Zacks Rank of #4 (Sell).

Digging into valuation, BX currently has a Forward P/E ratio of 13.81. This valuation marks a premium compared to its industry's average Forward P/E of 12.08.

Investors should also note that BX has a PEG ratio of 3.46 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Financial - Investment Management stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.

The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.


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