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Compared to Estimates, Blackstone Secured Lending Fund (BXSL) Q3 Earnings: A Look at Key Metrics
BXSLBlackstone Secured Lending Fund(BXSL) ZACKS·2024-11-12 17:00

Core Insights - Blackstone Secured Lending Fund (BXSL) reported a revenue of 343millionforthequarterendedSeptember2024,reflectingayear−over−yearincreaseof20.8343 million for the quarter ended September 2024, reflecting a year-over-year increase of 20.8% [1] - The earnings per share (EPS) for the quarter was 0.91, slightly down from 0.95inthesamequarterlastyear[1]−ThereportedrevenueexceededtheZacksConsensusEstimateof0.95 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of 334.1 million, resulting in a positive surprise of +2.67% [1] - The EPS also surpassed the consensus estimate of 0.90,withasurpriseof+1.110.90, with a surprise of +1.11% [1] Financial Metrics - Fee income for the quarter was 0.51 million, below the average estimate of 0.83millionfromthreeanalysts[3]−Interestincomeamountedto0.83 million from three analysts [3] - Interest income amounted to 321.49 million, exceeding the average estimate of 304.39millionfromtwoanalysts[3]−Payment−in−kindinterestincomewasreportedat304.39 million from two analysts [3] - Payment-in-kind interest income was reported at 21.21 million, slightly below the average estimate of $21.25 million from two analysts [3] Stock Performance - Over the past month, shares of Blackstone Secured Lending Fund have returned +4.4%, outperforming the Zacks S&P 500 composite's +3.3% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]