Here's Why BlackRock (BLK) Fell More Than Broader Market

Company Performance - BlackRock's stock closed at $1,114.77, down 1.1% from the previous session, underperforming the S&P 500's loss of 0.69% [1] - Over the past month, BlackRock's stock has increased by 0.99%, lagging behind the Finance sector's gain of 4.76% and the S&P 500's gain of 3.79% [1] Earnings Expectations - Analysts expect BlackRock to report earnings of $11.78 per share, reflecting a year-over-year growth of 2.79% [2] - The consensus estimate for revenue is projected at $6.26 billion, indicating a 20.39% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $47.57 per share and revenue at $23.47 billion, representing increases of 9.08% and 15% respectively from the prior year [3] - Changes in analyst estimates for BlackRock are crucial as they indicate evolving business trends, with positive revisions seen as favorable for the business outlook [3] Valuation Metrics - BlackRock has a Forward P/E ratio of 23.7, which is a premium compared to the industry average Forward P/E of 12.21 [6] - The company also has a PEG ratio of 2.16, compared to the Financial - Investment Management industry's average PEG ratio of 1.31 [6] Industry Context - The Financial - Investment Management industry is part of the Finance sector and holds a Zacks Industry Rank of 83, placing it in the top 34% 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]