Why BlackRock Finance (BLK) Outpaced the Stock Market Today

Group 1 - BlackRock Finance (BLK) closed at $986.10, with a daily increase of +0.54%, outperforming the S&P 500's gain of 0.16% [1] - The stock has decreased by 7.22% over the past month, underperforming the Finance sector's loss of 4.35% and the S&P 500's loss of 2.8% [1] Group 2 - BlackRock Finance is set to release its earnings report on January 15, 2025, with projected earnings per share (EPS) of $11.43, indicating an 18.32% increase year-over-year [2] - Revenue is expected to reach $5.58 billion, reflecting a 20.6% increase compared to the same quarter last year [2] Group 3 - Recent modifications to analyst estimates for BlackRock Finance are crucial, as they indicate evolving short-term business trends and analysts' confidence in the company's performance [3] - Positive revisions in estimates are correlated with impending stock price performance [4] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have delivered an average annual return of +25% since 1988 [5] - BlackRock Finance currently holds a Zacks Rank of 3 (Hold), with a 0.33% decline in the Zacks Consensus EPS estimate over the past month [5] Group 5 - BlackRock Finance has a Forward P/E ratio of 20.46, which is a premium compared to the industry average of 9.63 [6] - The company has a PEG ratio of 1.59, higher than the industry average PEG ratio of 1.16 [7] Group 6 - The Financial - Investment Management industry, part of the Finance sector, holds a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]