Core Insights - BlackRock (BLK) is expected to report quarterly earnings of $12.41 per share, a 4% increase year-over-year, with revenues projected at $6.75 billion, reflecting an 18.8% year-over-year growth [1] Earnings Projections - The consensus EPS estimate has been revised upward by 1.6% over the past 30 days, indicating analysts have reassessed their projections [2] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts predict 'Revenue- Technology services revenue' to be $528.86 million, a year-over-year increase of 23.6% [5] - 'Revenue- Investment advisory, administration fees and securities lending revenue- Equity subtotal' is estimated to reach $2.28 billion, reflecting a 6.5% increase from the previous year [5] - The total investment advisory, administration fees, and securities lending revenue is forecasted at $5.30 billion, indicating a 19.9% year-over-year growth [6] - 'Revenue- Distribution fees' is expected to be $371.59 million, a 15.4% increase year-over-year [6] Net Inflows - The consensus for 'Net inflows' is projected at $232.59 billion, down from $281.42 billion year-over-year [7] - 'Net inflows - Product Type - Cash management' is expected to be $38.38 billion, compared to $80.75 billion from the previous year [7] - 'Net inflows - Client Type - ETFs' is estimated at $124.04 billion, down from $142.64 billion year-over-year [9] - 'Net inflows - Product Type - Long-term' is projected to reach $168.83 billion, compared to $200.67 billion from the previous year [10] Assets Under Management - 'Assets under management - Cash management' is estimated at $1,059.97 billion, up from $920.66 billion year-over-year [8] - Total Assets Under Management is projected to be $13,989.59 billion, compared to $11,551.25 billion in the same quarter of the previous year [8] - 'Assets under management - Long-term' is expected to be $12,949.98 billion, up from $10,630.59 billion year-over-year [9] - 'Assets under management - ETFs' is projected to reach $5,355.98 billion, compared to $4,230.38 billion from the previous year [10] Stock Performance - BlackRock shares have changed by -0.4% in the past month, contrasting with a +1.9% move of the Zacks S&P 500 composite [11] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to mirror overall market performance in the near future [11]
Ahead of BlackRock (BLK) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics