Blackstone Inc. (BX) reported $2.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.8%. EPS of $1.01 for the same period compares to $0.94 a year ago.The reported revenue represents a surprise of +2.59% over the Zacks Consensus Estimate of $2.37 billion. With the consensus EPS estimate being $0.91, the EPS surprise was +10.99%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Blackstone’s (BX) third-quarter 2024 distributable earnings of $1.01 per share outpaced the Zacks Consensus Estimate of 91 cents. The figure reflects a rise of 7% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of the company gained 3.2% in the pre-market trading. Better-than-expected results fueled by solid assets under management (AUM) growth drove investor optimism about the stock.Results benefited from higher revenues and an improvement in AUM ...

Blackstone Inc. (BX) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.99%. A quarter ago, it was expected that this investment manager would post earnings of $0.99 per share when it actually produced earnings of $0.96, delivering a surprise of -3.03%.Over the last four quarters, the ...

Core Viewpoint - Blackstone is expected to report improved revenues and earnings for Q3 2024, despite a recent earnings miss due to higher expenses [1][3]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for Blackstone's earnings is 97 cents per share, reflecting a 3.2% increase year-over-year, although it has been revised 7.6% lower recently [1]. - The consensus estimate for sales is projected at $2.60 billion, indicating a 12.1% rise [2]. - Total assets under management (AUM) are estimated to reach $1.1 trillion, representing a 9.6% growth from the prior year [3]. Group 2: Segment Performance - The estimate for total management and advisory fees is $1.82 billion, suggesting a 10.2% increase [3]. - Fee-related performance revenues are expected to decline by 23.3% year-over-year, estimated at $210.6 million [3]. Group 3: Expense Trends - Blackstone has experienced elevated expenses due to increased general, administrative, and other costs, which are anticipated to rise further in Q3 as the company continues to invest in its franchises [4]. Group 4: Earnings Surprise Potential - The likelihood of Blackstone beating the Zacks Consensus Estimate for earnings is low, with an Earnings ESP of -5.20% and a Zacks Rank of 3 (Hold) [5].

The upcoming report from Blackstone Inc. (BX) is expected to reveal quarterly earnings of $0.97 per share, indicating an increase of 3.2% compared to the year-ago period. Analysts forecast revenues of $2.6 billion, representing an increase of 12.1% year over year.Over the last 30 days, there has been a downward revision of 4.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cour ...

I truly believe that the golden era for business development companies has come to an end now that the first set of interest rate cuts have begun. BDCs will not be able to pull in the elevatedFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, ...

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