BlackRock (BLK) Set to Announce Quarterly Earnings on Wednesday
BlackRock (NYSE:BLK) is scheduled to be releasing its Q313 earnings data on Wednesday, October 16th. Analysts expect BlackRock to post earnings of $3.84 per share and revenue of $2.47 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
BlackRock (NYSE:BLK) last released its earnings data on Thursday, July 18th. The company reported $4.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.87 by $0.28. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the company posted $3.10 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect BlackRock to post $16.01 EPS for the current fiscal year and $17.72 EPS for the next fiscal year.
BlackRock (NYSE:BLK) opened at 282.27 on Tuesday. BlackRock has a 52 week low of $185.20 and a 52 week high of $298.14. The stock’s 50-day moving average is $269.1 and its 200-day moving average is $269.9. The company has a market cap of $48.066 billion and a P/E ratio of 18.21.
A number of analysts have recently weighed in on BLK shares. Analysts at Susquehanna reiterated a “neutral” rating on shares of BlackRock in a research note to investors on Wednesday, October 9th. They now have a $279.00 price target on the stock, up previously from $270.00. On a related note, analysts at ISI Group initiated coverage on shares of BlackRock in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, analysts at UBS AG downgraded shares of BlackRock from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $280.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. BlackRock currently has an average rating of “Hold” and a consensus price target of $280.69.
BlackRock, Inc (NYSE:BLK) is an investment management firm.
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