BlackRock (BLK) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - BlackRock (BLK) closed at $981.32, with a daily increase of +1.88%, underperforming the S&P 500's gain of 2.05% [1] - Over the past month, BlackRock's stock has risen by 5.41%, outperforming the Finance sector's gain of 3.67% and the S&P 500's gain of 5.21% [1] Upcoming Earnings - BlackRock is projected to report earnings of $10.50 per share, reflecting a year-over-year growth of 1.35% [2] - The consensus estimate for quarterly revenue is $5.37 billion, which is an increase of 11.83% from the previous year [2] Annual Forecast - For the entire year, earnings are forecasted at $44.87 per share and revenue at $22.53 billion, indicating changes of +2.89% and +10.4% respectively compared to the previous year [3] - Recent changes to analyst estimates for BlackRock may indicate shifting business trends, with positive alterations suggesting analyst optimism [3] Valuation Metrics - BlackRock has a Forward P/E ratio of 21.47, which is a premium compared to its industry's Forward P/E of 10.69 [5] - The company has a PEG ratio of 2.93, while the Financial - Investment Management industry has an average PEG ratio of 1.27 [6] Industry Ranking - The Financial - Investment Management industry, part of the Finance sector, has a Zacks Industry Rank of 223, placing it in the bottom 10% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]