BlackRock (BLK) Q3 Earnings and Revenues Surpass Estimates

Core Insights - BlackRock reported quarterly earnings of $11.55 per share, exceeding the Zacks Consensus Estimate of $11.19 per share, and showing an increase from $11.46 per share a year ago, resulting in an earnings surprise of +3.22% [1] - The company achieved revenues of $6.51 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.16% and up from $5.2 billion year-over-year [2] - BlackRock's shares have increased by approximately 12.7% since the beginning of the year, compared to the S&P 500's gain of 13.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $12.65, with expected revenues of $6.67 billion, and for the current fiscal year, the EPS estimate is $47.32 on revenues of $23.62 billion [7] - The estimate revisions trend for BlackRock was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Financial - Investment Management industry, to which BlackRock belongs, is currently ranked in the top 21% 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]