BlackRock (BLK) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - BlackRock (BLK) closed at $971.82, reflecting a -1.66% change from the previous day, underperforming the S&P 500's daily loss of 1.13% [1] - Over the last month, BlackRock's shares increased by 0.53%, lagging behind the Finance sector's gain of 1.24% and the S&P 500's gain of 3.55% [1] Upcoming Earnings - BlackRock is projected to report earnings of $10.37 per share, indicating a year-over-year growth of 0.1%, with quarterly revenue expected to be $5.37 billion, up 11.83% from the previous year [2] - For the full year, earnings are estimated at $44.75 per share and revenue at $22.53 billion, showing increases of +2.61% and +10.4% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for BlackRock can indicate shifting business dynamics, with positive revisions seen as a favorable sign for the business outlook [3] - The Zacks Rank system, which incorporates estimate changes, currently ranks BlackRock at 3 (Hold), with a 0.19% rise in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - BlackRock has a Forward P/E ratio of 22.08, which is a premium compared to the industry average Forward P/E of 11.07 [6] - The company has a PEG ratio of 3.01, while the Financial - Investment Management industry holds an average PEG ratio of 1.34 [6] Industry Context - The Financial - Investment Management industry is ranked 166 in the Zacks Industry Rank, placing it in the bottom 33% 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]