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Blackstone(BX) - 2024 Q1 - Quarterly Report
2024-05-03 20:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-33551 Blackstone Inc. (Exact name of registrant as specified in its charter) Delaware 20-8875684 (State or ot ...
Private Vs. Public Real Estate: Which To Invest In And When
Seeking Alpha· 2024-04-25 08:42
deepblue4you An ongoing debate in the world of real estate is whether to invest in public or private real estate. We have written on this topic before, but it is time for an updated thesis because of the sharp contrast in opportunity between the modes of investment. Specifically, one is about 20% cheaper than the other right now. We shall begin by looking at the mechanical differences in function between the investment vehicles, and follow by looking at where each stands today. Definition of public vers ...
Blackstone(BX) - 2024 Q1 - Earnings Call Transcript
2024-04-18 16:58
Blackstone Inc. (NYSE:BX) Q1 2024 Results Conference Call April 18, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and CEO Jon Gray - President and Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Michael Cyprys - Morgan Stanley Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Glenn Schorr - Evercore ISI Crispin Love - Piper Sandler Brian Bedell - Deutsche Bank ...
Compared to Estimates, Blackstone Inc. (BX) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-18 15:00
For the quarter ended March 2024, Blackstone Inc. (BX) reported revenue of $2.55 billion, up 2.6% over the same period last year. EPS came in at $0.98, compared to $0.97 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.51 billion, representing a surprise of +1.73%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...
Blackstone (BX) Q1 Earnings Meet Estimates, AUM Increases Y/Y
Zacks Investment Research· 2024-04-18 14:21
Blackstone’s (BX) first-quarter 2024 distributable earnings of 98 cents per share were in line with the Zacks Consensus Estimate. The figure reflects a rise of 1% from the prior-year quarter.Results have benefited from a rise in segment revenues and improvement in the assets under management (AUM) balance. However, higher GAAP expenses have hurt the results to some extent.Net income attributable to Blackstone was $847.4 million compared with $85.8 million in the year-ago quarter.Segment Revenues Improve, GA ...
Blackstone Inc. (BX) Q1 Earnings Meet Estimates
Zacks Investment Research· 2024-04-18 13:11
Blackstone Inc. (BX) came out with quarterly earnings of $0.98 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this investment manager would post earnings of $0.95 per share when it actually produced earnings of $1.11, delivering a surprise of 16.84%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Blackstone Inc., which ...
Blackstone(BX) - 2024 Q1 - Quarterly Results
2024-04-18 10:58
Exhibit 99.1 Blackstone Reports First Quarter 2024 Results New York, April 18, 2024: Blackstone (NYSE:BX) today reported its first quarter 2024 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported strong first-quarter results, highlighted by accelerating momentum in our private credit and private wealth businesses. We are seeing a strengthening transaction environment and attractive opportunities to deploy capital. We are well positioned to navigate today’s dynami ...
What's in the Cards for Blackstone (BX) in Q1 Earnings?
Zacks Investment Research· 2024-04-17 17:11
Blackstone (BX) is scheduled to report first-quarter 2024 results on Apr 18, before the opening bell. Its revenues and earnings are likely to have improved in the to-be-reported quarter on a year-over-year basis.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate. Results benefited from a rise in segment revenues and improvement in assets under management (AUM) balance. Further, GAAP expenses declined during the quarter.Blackstone has a decent earnings surprise history. It ...
Why Earnings Season Could Be Great for Blackstone Group (BX)
Zacks Investment Research· 2024-04-16 15:51
The Blackstone Group Inc. (BX Quick Quote - Free Report) Investors are always looking for stocks that are poised to beat at earnings season and may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Blackstone is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date inf ...
Investing Wisdom And Life Lessons From Blackstone Billionaire Steve Schwarzman
Forbes· 2024-04-13 10:30
Steve Schwarzman’s guiding philosophy has always been to “go big,” and despite Blackstone having surpassed $1 trillion in assets, he’s still feeling expansive.By Sergei Klebnikov, Forbes StaffBlackstone’s 77-year old founder and chief executive grew up in a suburb of Philadelphia. From as early as ten-years-old, he would work at his father’s curtains and linens store by helping work the counter. By age 14, he ran his own lawn mowing business where he focused on new clients while his younger twin brothers wo ...