BlackRock shares closed at $1,090.27, up 1.92% and outpacing the S&P 500's 1.49% gain, though the stock is down 7.5% over the past month. Ahead of its upcoming earnings report, the company is forecast to post earnings of $14.24 per share, up 23.29% from a year earlier, on revenue of $7.44 billion, a 14.26% increase. For the full year, consensus estimates project earnings of $55.96 per share and revenue of $28.82 billion, representing gains of 16.37% and 19.02% respectively. The consensus EPS estimate has risen 0.59% over the past month, and BlackRock currently carries a Zacks Rank of #3 (Hold). The stock trades at a forward P/E of 19.12 versus an industry average of 11.2, and at a PEG ratio of 1.18 against the Financial - Investment Management industry's 1.07.
BlackRock IncAnalysts lifted EPS estimates ahead of earnings, with consensus projecting 23.29% EPS growth and 14.26% revenue growth.
