BlackRock's (BLK) third-quarter 2024 adjusted earnings of $11.46 per share handily surpassed the Zacks Consensus Estimate of $10.34. The figure reflects a rise of 5% from the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Shares of BLK are trending almost 2.1% higher in the pre-market trading session today on the back of solid improvement in assets under management (AUM) balance, which drove the quarterly performance. The results benefited from a rise in revenues ...

BlackRock Finance (BLK) reported $5.2 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.9%. EPS of $11.46 for the same period compares to $10.91 a year ago. The reported revenue represents a surprise of +3.93% over the Zacks Consensus Estimate of $5 billion. With the consensus EPS estimate being $10.42, the EPS surprise was +9.98%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

BlackRock brought in $221 billion in net inflows in the third quarter, the most in its history.The world's largest asset manager, though, is focused on growing its private markets business.After growing to $11.5 trillion in assets thanks to cheap ETFs, the firm is focused on higher-fee products. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access y ...

BlackRock Finance (BLK) came out with quarterly earnings of $11.46 per share, beating the Zacks Consensus Estimate of $10.42 per share. This compares to earnings of $10.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.98%. A quarter ago, it was expected that this investment firm would post earnings of $9.96 per share when it actually produced earnings of $10.36, delivering a surprise of 4.02%.Over the last four quarters, t ...

BlackRock, Inc. BLK will release earnings results for its third quarter, before the opening bell on Friday, Oct. 11. Analysts expect the San Francisco, California-based company to report quarterly earnings at $10.38 per share, down from $10.91 per share in the year-ago period. BlackRock projects to report revenue of $5.01 billion for the quarter, according to data from Benzinga Pro. On Oct. 1, BlackRock said it completed the acquisition of Global Infrastructure Partners. BlackRock shares fell 0.1% to close ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider BlackRock Finance (BLK) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.This investment firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4 ...

Recently, BlackRock (BLK, Financial) announced that it has completed the acquisition of Global Infrastructure Partners (a private company), marking a strategic expansion in its infrastructure capabilities. With this acquisition, BlackRock positions itself as a global leader in infrastructure investment, boasting an impressive $170 billion investment in assets under management (AUM) across developed and emerging markets.The newly formed entity will retain the GIP brand within BlackRock's broader infrastructu ...

BlackRock (NYSE: BLK ) is firing on all cylinders as the world's largest asset manager pursues growth opportunities in the high-margin, fast-growing data and technology business. Indeed, Aladdin's integration with Preqin, expected to close in the fourth quarter of 2024, will enable BlackRock to offerExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contraria ...

Wall Street analysts expect BlackRock (BLK) to post quarterly earnings of $10.26 per share in its upcoming report, which indicates a year-over-year decline of 6%. Revenues are expected to be $5.04 billion, up 11.6% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

Morgan Stanley has revised its target price for BlackRock ( BLK , Financial ) from $1,036 to $1,150, while maintaining an "overweight" rating on the stock. This adjustment reflects a positive outlook on BlackRock's performance and potential market growth. Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios. ...