Blackstone's Q4 2025 Earnings: What to Expect

Company Overview - Blackstone Inc. (BX) has a market capitalization of $114.8 billion and specializes in alternative asset management, including private equity, real estate, hedge fund solutions, credit, and multi-asset investment strategies across various industries and geographies [1] Financial Performance - Analysts expect Blackstone to report an adjusted EPS of $1.52 for fiscal Q4 2025, which represents a 10.1% decrease from $1.69 in the same quarter of the previous year [2] - For fiscal 2025, the anticipated adjusted EPS is $5.34, reflecting a 15.1% increase from $4.64 in fiscal 2024, with projections for adjusted EPS to grow 21.2% year-over-year to $6.47 in fiscal 2026 [3] Stock Performance - Over the past 52 weeks, Blackstone shares have decreased by 11.9%, underperforming the S&P 500 Index, which gained 14.8%, and the State Street Financial Select Sector SPDR ETF, which returned 13.3% [4] - Despite reporting an adjusted EPS of $1.52 and adjusted revenue of $3.3 billion for Q3 2025, Blackstone shares fell by 4.2% on October 23 due to a significant decline in GAAP results, with net income dropping to $624.9 million ($0.80 per share) from $780.8 million ($1.02 per share) a year earlier, and total reported revenue declining by 15.7% year-over-year to $3.09 billion [5] Analyst Ratings - The consensus view on Blackstone stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 22 analysts, eight recommend "Strong Buy," two suggest "Moderate Buy," 11 indicate "Hold," and one has a "Strong Sell." The average analyst price target for Blackstone is $179.80, indicating a potential upside of 15.7% from current levels [6]