Blackstone Inc. (BX) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - Blackstone Inc. reported quarterly earnings of $1.69 per share, exceeding the Zacks Consensus Estimate of $1.48 per share, and showing an increase from $1.11 per share a year ago, representing an earnings surprise of 14.19% [1] - The company achieved revenues of $4.15 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 9.60%, and up from $2.54 billion year-over-year [2] - Blackstone's shares have increased approximately 7.5% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.27 on revenues of $3.21 billion, and for the current fiscal year, it is $5.86 on revenues of $14.62 billion [7] - The estimate revisions trend for Blackstone Inc. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Blackstone belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]