I bet the stock market will be higher by year end, says BlackRock Co-Founder Schlosstein
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Yahoo
38 minutes ago
- Yahoo
Why BlackRock (BLK) Could Beat Earnings Estimates Again
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering BlackRock (BLK), which belongs to the Zacks Financial - Investment Management industry. When looking at the last two reports, this investment firm has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.05%, on average, in the last two quarters. For the last reported quarter, BlackRock came out with earnings of $11.3 per share versus the Zacks Consensus Estimate of $10.25 per share, representing a surprise of 10.24%. For the previous quarter, the company was expected to post earnings of $11.27 per share and it actually produced earnings of $11.93 per share, delivering a surprise of 5.86%. For BlackRock, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. BlackRock has an Earnings ESP of +7.25% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 15, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. 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 BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
BlackRock (BLK) Outperforms Broader Market: What You Need to Know
In the latest trading session, BlackRock (BLK) closed at $1,070.57, marking a +1.55% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.48%. Elsewhere, the Dow saw a downswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.94%. Shares of the investment firm witnessed a gain of 7.35% over the previous month, beating the performance of the Finance sector with its gain of 3.5%, and the S&P 500's gain of 5.13%. Investors will be eagerly watching for the performance of BlackRock in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 15, 2025. The company is expected to report EPS of $10.41, up 0.48% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.37 billion, indicating a 11.83% growth compared to the corresponding quarter of the prior year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $44.92 per share and a revenue of $22.53 billion, indicating changes of +3% and +10.4%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for BlackRock. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Right now, BlackRock possesses a Zacks Rank of #3 (Hold). In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 23.47. This denotes a premium relative to the industry average Forward P/E of 11.94. Investors should also note that BLK has a PEG ratio of 3.2 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Financial - Investment Management stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices. The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 35% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow BLK in the coming trading sessions, be sure to utilize 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 BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
an hour ago
- Business Insider
BlackRock's (BLK) Bitcoin ETF Now Earns More Money than Its Flagship S&P 500 Fund
BlackRock's (BLK) iShares Bitcoin Trust (IBIT) is now generating more revenue for the asset manager than its signature fund that tracks the benchmark S&P 500 index. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Market data shows that the iShares Core S&P 500 ETF (IVV) is trailing the Bitcoin ETF in terms of money generated. While the Bitcoin funds $52 billion in assets under management (AUM) trails the S&P 500 ETF's $624 billion in total assets, the higher fee structure for the Bitcoin fund has turned it into a cash cow for BlackRock. The IBIT Bitcoin ETF now brings in $187.2 million annually for BlackRock through its 0.25% management fee, while the IVV S&P 500 ETF earns $187.1 million from the 0.03% fee that it charges. The revenue generation is impressive when one considers that the Bitcoin fund only launched in January 2024. Big Growth Since its launch, BlackRock's Bitcoin fund has seen inflows every month except one, amassing $52 billion in assets to date. That makes it the largest spot Bitcoin ETF on the market today. The rapid growth of the IBIT fund highlights the strong demand and big growth for regulated crypto investment products, say analysts. Investors say they like gaining exposure to Bitcoin and other cryptocurrencies without the technical hurdles or security involved in holding the physical asset directly. Although IBIT's management fee is higher than more traditional ETFs, BlackRock says it reflects the added complexity, custody and regulatory requirements involved in offering exposure to cryptocurrencies such as Bitcoin. Is BLK Stock a Buy? The stock of BlackRock has a consensus Strong Buy rating among 14 Wall Street analysts. That rating is based on 12 Buy and two Hold recommendations issued in the last three months. The average BLK price target of $1,062.86 implies 0.72% downside from current levels.
