BlackRock (BLK) Stock Sinks As Market Gains: Here's Why

Company Performance - BlackRock (BLK) closed at $805.19, reflecting a -0.87% change from the previous session, underperforming the S&P 500 which gained 0.09% [1] - Over the past month, BlackRock's shares appreciated by 8.3%, outperforming the Finance sector's gain of 7.41% and the S&P 500's gain of 5.78% [1] - The upcoming earnings report is expected to show an EPS of $9.96, a 7.33% increase from the prior-year quarter, with revenue projected at $4.89 billion, indicating a 9.66% increase year-over-year [1] Full Year Estimates - For the full year, earnings are projected at $41.31 per share and revenue at $20.21 billion, representing changes of +9.37% and +13.19% from the prior year [2] - Recent shifts in analyst projections for BlackRock are important, as positive estimate revisions are seen as a good sign for the company's business outlook [2] Zacks Rank and Valuation - BlackRock currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 0.29% higher over the last 30 days [3] - The company has a Forward P/E ratio of 19.66, which is a premium compared to the industry average of 10.36 [3] - BlackRock's PEG ratio stands at 1.68, compared to the Financial - Investment Management industry's average PEG ratio of 0.96 [3] Industry Context - The Financial - Investment Management industry is ranked 148 in the Zacks Industry Rank, placing it in the bottom 42% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]