BlackRock Finance (BLK) recently closed at $1,046.38 in the latest trading day, showing a +0.34% shift from the previous session's end. This change was more significant than the S&P 500's daily loss of 0.61%. Meanwhile, the Dow experienced a downswing of 0.54%, and the tech-heavy Nasdaq depreciated by 0.62%. In the past month, the stock of this investment firm has risen by 0.35%, yet it has lagged behind the Finance sector's gain of 1.62% and the S&P 500's gain of 2.85%.Upcoming Earnings Performance and Analyst Estimates
The investment community is closely observing BlackRock Finance's earnings performance in its upcoming release. The company's projected earnings per share (EPS) is $11.56, representing a 19.67% increase from the same quarter last year. Currently, our consensus estimate forecasts the revenue to be $5.6 billion, indicating a 20.92% growth compared to the corresponding quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts expect earnings of $43.18 per share and revenue of $20.33 billion. These totals would mark changes of +14.32% and +13.84%, respectively, from last year. Any recent changes in analyst estimates for BlackRock Finance are crucial for investors as they reflect the evolving nature of near-term business trends. Upward revisions in estimates indicate analysts' optimism about the company's business operations and its profit-generation ability.Zacks Rank and Its Significance
Our research shows that these estimate revisions are directly related to near-team stock moves. To capitalize on this, we have developed the Zacks Rank, a unique model that incorporates these estimate changes and provides a practical rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has an outstanding, externally audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there has been a 0.05% rise in the Zacks Consensus EPS estimate. Currently, BlackRock Finance holds a Zacks Rank of #3 (Hold).Valuation Metrics and Comparisons
In terms of valuation, BlackRock Finance is currently trading at a Forward P/E ratio of 24.15. Its industry has an average Forward P/E of 12.71, suggesting that BlackRock Finance is trading at a premium compared to its peers. Additionally, BLK currently boasts a PEG ratio of 1.88. This metric is similar to the well-known P/E ratio but also considers the company's expected earnings growth rate. The average PEG ratio for the Financial – Investment Management industry was 1.4 at the close of the market yesterday.Industry Rank and Its Impact
The Financial – Investment Management industry is part of the Finance sector and has a Zacks Industry Rank of 38, placing it in the top 16% of all 250+ industries. The strength of individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. It is essential for investors to utilize Zacks.com to follow these stock-moving metrics and more in the coming trading sessions.Make sure to stay updated with the latest developments in BlackRock Finance and the Finance sector to make informed investment decisions.
