Blue Owl Capital Inc. (OWL) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Blue Owl Capital Inc. (OWL) to report a year-over-year increase in earnings driven by higher revenues for the quarter ending September 2024, with the earnings report expected on October 31, 2024 [1] Earnings Expectations - The consensus estimate for quarterly earnings is $0.20 per share, reflecting a year-over-year increase of 25% [2] - Expected revenues are projected at $564.03 million, which is a 31.3% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 1.71% over the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Blue Owl Capital is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.18% [4][6] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] Historical Performance - In the last reported quarter, Blue Owl Capital met the expected earnings of $0.19 per share, showing no surprise [7] - Over the past four quarters, the company has beaten consensus EPS estimates twice [7] Conclusion - Blue Owl Capital is positioned as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [8]