In its upcoming report, Blackstone Inc. (BX) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting an increase of 20.8% compared to the same period last year. Revenues are forecasted to be $3.11 billion, representing a year-over-year increase of 27.8%.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Blackstone Inc. metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Segment Revenues- Realized Principal Investment Income' will reach $63.15 million. The estimate indicates a year-over-year change of +56.3%.
Analysts expect 'Segment Revenues- Multi-Asset Investing- Total Management Fees, Net' to come in at $134.98 million. The estimate points to a change of +12.2% from the year-ago quarter.
Analysts' assessment points toward 'Segment Revenues- Private Equity- Base Management Fees' reaching $642.77 million. The estimate indicates a change of +25.7% from the prior-year quarter.
It is projected by analysts that the 'Segment Revenues- Real Estate- Total Management Fees, Net' will reach $720.65 million. The estimate indicates a year-over-year change of +3.6%.
The collective assessment of analysts points to an estimated 'Fee-Earning Assets Under Management Rollforward - Private Equity' of $241.15 billion. The estimate compares to the year-ago value of $208.68 billion.
According to the collective judgment of analysts, 'Fee-Earning Assets Under Management Rollforward - Real Estate' should come in at $289.92 billion. The estimate compares to the year-ago value of $285.49 billion.
Analysts predict that the 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' will reach $303.22 billion. The estimate is in contrast to the year-ago figure of $251.57 billion.
The combined assessment of analysts suggests that 'Fee-Earning Assets Under Management' will likely reach $915.91 billion. The estimate compares to the year-ago value of $820.46 billion.
Analysts forecast 'Total Assets Under Management - Credit & Insurance' to reach $426.79 billion. The estimate compares to the year-ago value of $354.74 billion.
Based on the collective assessment of analysts, 'Total Assets Under Management - Real Estate' should arrive at $332.20 billion. The estimate is in contrast to the year-ago figure of $325.08 billion.
The average prediction of analysts places 'Total Assets Under Management' at $1252.40 billion. Compared to the present estimate, the company reported $1107.63 billion in the same quarter last year.
The consensus estimate for 'Total Assets Under Management - Private Equity' stands at $401.95 billion. Compared to the present estimate, the company reported $344.71 billion in the same quarter last year.
View all Key Company Metrics for Blackstone Inc. here>>>
Shares of Blackstone Inc. have demonstrated returns of -16.7% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #3 (Hold), BX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Blackstone Inc. (BX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
