Loading...Loading...BlackRock, Inc. BLK will release its second quarter financial results, before the opening bell on Monday, July 15.Analysts expect the San Francisco, California-based company to report quarterly earnings at $10.01 per share, up from $9.28 per share in the year-ago period. BlackRock is expected to post revenue of $4.85 billion, compared to $4.46 billion a year earlier, according to data from Benzinga Pro.On July 1, BlackRock announced plans to acquire private markets data data solutions pr ...

georgeclerk QOE Capital - Co-Authored by Analyst Antonio Mello Investment Thesis BlackRock (NYSE:BLK) is one of the world's preeminent asset management firms, premier provider of investment management, and leading providers of investment, advisory and risk management solutions. BlackRock seems poised to continue scaling its Assets Under Management, which ultimately drives large revenue growth for the firm. Additionally, its AUM allows for guaranteed revenue through its fixed management fees from its sti ...

BlackRock, Inc. (BLK) is slated to report second-quarter 2024 results on Jul 15 before the opening bell. Its revenues and earnings are expected to have improved in the quarter on a year-over-year basis.In first-quarter 2024, BLK’s earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in revenues and higher non-operating income. Further, the assets under management (AUM) balance witnessed improvement owing to net inflows.BlackRock has an impressive earnings surprise history. Its earn ...

Wall Street analysts expect BlackRock (BLK) to post quarterly earnings of $9.98 per share in its upcoming report, which indicates a year-over-year increase of 7.5%. Revenues are expected to be $4.86 billion, up 8.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earning ...

georgeclerk BlackRock, Inc. (NYSE:BLK) will report its Q2 2024 earnings on Monday, July 15th, and they are expected to show a similar financial performance compared to its recent history, making its premium valuation not particularly interesting for long-term investors. As I’ve covered in a previous article, BlackRock, Inc. has strong fundamentals in the financial industry and is a leading company in the asset management segment, but in my opinion this was reflected in its valuation. Indeed, since then, ...

Loading...Loading...Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. BLK with a price forecast of $929.According to Blostein, BlackRock’s latest acquisition — buying Preqin, a private markets data and solutions provider, for$3.2 billion — will provide a meaningful opportunity for revenue synergies, primarily from increased distribution via BlackRock’s broader network.This transaction, funded with $3 billion of incremental debt, with just $200 million in cash, helps BlackRo ...

Core Viewpoint - BlackRock, the world's largest asset management company, has underperformed relative to the S&P 500 over the past five years, but future growth prospects appear promising due to strategic expansions and earnings growth expectations [1][4]. Group 1: Performance Overview - Over the past five years, BlackRock shares gained 67.76%, while the S&P 500 gained 85.63% [1]. - In 2024, BlackRock's stock is down approximately 3%, compared to a nearly 14.5% gain for the S&P 500 year-to-date [1]. Group 2: Business Expansion - BlackRock is known for its iShares ETFs and is expanding into alternative asset classes, including crypto and infrastructure [2]. - The company announced plans to acquire Global Infrastructure Partners, which will triple the size of its infrastructure asset management business [3]. - BlackRock is also pursuing opportunities in private markets data through the acquisition of Preqin and is backing the planned Texas Stock Exchange [3]. Group 3: Earnings Growth Expectations - Analysts expect BlackRock to report earnings growth of 12.4% in 2024, 10.2% in 2025, and 17.6% in 2026 [4]. - Sustaining its current earnings multiple of around 19 could lead to a share price of $1000 by 2026 [4]. - A potential earnings increase to $50 per share in 2025 could result in a more than 26.5% rally from current price levels [5]. Group 4: Dividend and Total Returns - BlackRock offers a 2.59% dividend yield, which could enhance total returns [5]. - The company has a 14-year track record of dividend growth, averaging 9.45% annually over the past five years [6].

Key TakeawaysBlackRock has acquired private markets data provider Preqin for $3.2 billion.The U.K.-based firm is expected to generate $240 million in recurring revenue this year.BlackRock estimates that private markets data has an estimated total addressable market of $8 billion, which could grow to $18 billion by 2030. BlackRock (BLK) has agreed to buy private markets data provider Preqin in a £2.55 billion (US$3.2 billion) cash deal, the world’s largest asset manager announced Sunday. In acquiring private ...

BlackRock (BLK) has announced a deal to acquire Preqin, a premier provider of private markets data, for almost $3.2 billion (£2.55 billion) in cash. This acquisition marks a significant milestone in the company’s strategy to enhance its private markets capabilities by integrating investments, technology and data across the entire portfolio.The integration of London-based Preqin’s extensive data and research tools with BlackRock’s Aladdin platform will create an unmatched private markets technology and data ...

The aerial view reveals the mutual benefits of combining solar energy production and agricultural land use. Farmers can lease their land to solar energy developers, diversifying their income streams while maintaining agricultural activities on the remaining areas. This symbiotic relationship supports sustainable development by reducing greenhouse gas emissions and promoting renewable energy adoption.Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. ...