Earnings Preview: Blackstone Inc. (BX) Q4 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in Blackstone Inc.'s earnings due to lower revenues, with a focus on how actual results will compare to estimates to influence stock price movements [1][2]. Earnings Expectations - Blackstone Inc. is expected to report quarterly earnings of $1.51 per share, reflecting a year-over-year decrease of 10.7% [3]. - Revenues are projected to be $3.61 billion, down 13.1% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.16% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Blackstone is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.44%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but its predictive power is significant mainly for positive readings [9][10]. - Blackstone's current Zacks Rank is 3, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, Blackstone exceeded earnings expectations by delivering $1.52 per share against an expected $1.21, resulting in a surprise of +25.62% [13]. - The company has beaten consensus EPS estimates in each of the last four quarters [14]. Industry Comparison - Another player in the financial services sector, Houlihan Lokey, is expected to post earnings of $1.83 per share, indicating a year-over-year increase of 11.6% [18]. - Houlihan Lokey's revenues are projected to be $701.3 million, up 10.5% from the previous year, with a positive Earnings ESP of +2.19% [19][20].