The most recent trading session witnessed BlackRock Finance (BLK) closing at $1,064.65, showing a +0.77% change from the previous day's closing. This upward movement outpaced the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a loss of 0.25%, and the tech-heavy Nasdaq added 1.24%. In the past month, the stock of this investment firm has risen by 0.88%, leading the Finance sector's gain of 0.1% but falling short of the S&P 500's gain of 1.17%.Upcoming Earnings Disclosure and Analyst Estimates
Investors are closely observing BlackRock Finance's upcoming earnings disclosure. The company is expected to report an EPS of $11.56, representing a 19.67% increase from the corresponding quarter of the previous year. Additionally, the Zacks Consensus Estimate for revenue projects net sales of $5.6 billion, a 20.92% growth from the year-ago period. For the full year, the Zacks Consensus Estimates forecast earnings of $43.18 per share and a revenue of $20.33 billion, showing changes of +14.32% and +13.84% respectively compared to the preceding year.Analyst Estimate Changes and Their Impact
Recent changes to analyst estimates for BlackRock Finance are noteworthy. These modifications often indicate the evolving landscape of near-term business trends. Positive estimate revisions signify analyst optimism about the company's business and profitability. Our research shows that these estimate adjustments are directly related to the imminent stock price performance. Investors can leverage this by using the Zacks Rank, which considers these changes and provides a simple, actionable rating system.Zacks Rank and Its Performance
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 0.02% increase in the Zacks Consensus EPS estimate. As of now, BlackRock Finance holds a Zacks Rank of #3 (Hold).Valuation Metrics and Industry Position
BlackRock Finance's current valuation metrics, such as its Forward P/E ratio of 24.47, indicate a premium compared to the industry average Forward P/E of 12.74. It's also important to note that BLK currently has a PEG ratio of 1.9. This ratio is similar to the P/E ratio but takes the company's expected earnings growth rate into account. As of yesterday's close of trade, the Financial – Investment Management industry had an average PEG ratio of 1.46. The Financial – Investment Management industry is part of the Finance sector and currently holds a Zacks Industry Rank of 38, placing it within the top 16% of over 250 industries.>
