Core Viewpoint - Blackstone Inc. is expected to report a decline in quarterly earnings and revenues, with earnings per share projected at $1.51, down 10.7% year over year, and revenues forecasted at $3.61 billion, down 12.9% year over year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.1% over the past 30 days, indicating a reappraisal by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts project 'Segment Revenues- Realized Principal Investment Income' to be $157.50 million, reflecting a significant increase of 514.9% from the prior-year quarter [5]. - 'Segment Revenues- Credit & Insurance- Total Management Fees, Net' is expected to reach $514.85 million, indicating a 27.5% increase year over year [5]. - 'Segment Revenues- Private Equity- Base Management Fees' is forecasted at $633.32 million, suggesting a 10.4% year-over-year increase [6]. - 'Segment Revenues- Multi-Asset Investing- Total Management Fees, Net' is estimated to be $141.90 million, reflecting a 14.2% increase from the prior-year quarter [6]. Assets Under Management - 'Fee-Earning Assets Under Management Rollforward - Private Equity' is estimated at $240.28 billion, up from $212.18 billion in the same quarter last year [7]. - 'Fee-Earning Assets Under Management Rollforward - Real Estate' is projected at $283.58 billion, compared to $278.92 billion a year ago [7]. - 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' is expected to reach $320.45 billion, up from $264.62 billion in the same quarter of the previous year [8]. - The average prediction for 'Fee-Earning Assets Under Management' is $929.32 billion, compared to $830.71 billion in the same quarter last year [8]. - 'Total Assets Under Management - Credit & Insurance' is forecasted to be $449.87 billion, up from $375.51 billion a year ago [9]. - 'Total Assets Under Management - Real Estate' is expected to reach $323.43 billion, compared to $315.35 billion last year [9]. - The overall 'Total Assets Under Management' is projected at $1,278.44 billion, up from $1,127.18 billion in the same quarter last year [10]. - 'Total Assets Under Management - Private Equity' is expected to be $410.13 billion, compared to $352.17 billion in the same quarter of the previous year [10]. Stock Performance - Over the past month, shares of Blackstone Inc. have returned -3.2%, while the Zacks S&P 500 composite has changed by +0.2% [11]. - Blackstone Inc. currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11].
Seeking Clues to Blackstone Inc. (BX) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics