In its upcoming report, Blackstone Inc. (BX) is predicted by Wall Street analysts to post quarterly earnings of $1.31 per share, reflecting an increase of 8.3% compared to the same period last year. Revenues are forecasted to be $3.34 billion, representing a year-over-year increase of 8.7%.
The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Blackstone Inc. metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Segment Revenues- Realized Principal Investment Income' to come in at $40.06 million. The estimate points to a change of +36.1% from the year-ago quarter.
The consensus among analysts is that 'Segment Revenues- Credit & Insurance- Total Management Fees, Net' will reach $516.85 million. The estimate indicates a change of +9.8% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Segment Revenues- Private Equity- Base Management Fees' of $684.68 million. The estimate indicates a year-over-year change of +13.2%.
Analysts forecast 'Segment Revenues- Multi-Asset Investing- Total Management Fees, Net' to reach $152.81 million. The estimate suggests a change of +15.9% year over year.
Analysts predict that the 'Fee-Earning Assets Under Management Rollforward - Private Equity' will reach $267.57 billion. Compared to the current estimate, the company reported $232.16 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Fee-Earning Assets Under Management Rollforward - Real Estate' will likely reach $278.73 billion. Compared to the present estimate, the company reported $285.83 billion in the same quarter last year.
Based on the collective assessment of analysts, 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions (Multi-Asset Investing)' should arrive at $92.81 billion. Compared to the current estimate, the company reported $80.20 billion in the same quarter of the previous year.
It is projected by analysts that the 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' will reach $323.59 billion. The estimate compares to the year-ago value of $288.93 billion.
Analysts' assessment points toward 'Fee-Earning Assets Under Management' reaching $962.31 billion. Compared to the present estimate, the company reported $887.11 billion in the same quarter last year.
The consensus estimate for 'Total Assets Under Management - Hedge Fund Solutions (Multi-Asset Investing)' stands at $103.36 billion. The estimate compares to the year-ago value of $90.01 billion.
According to the collective judgment of analysts, 'Total Assets Under Management - Credit & Insurance' should come in at $469.39 billion. Compared to the present estimate, the company reported $407.30 billion in the same quarter last year.
The average prediction of analysts places 'Total Assets Under Management - Real Estate' at $318.42 billion. The estimate is in contrast to the year-ago figure of $324.99 billion.
View all Key Company Metrics for Blackstone Inc. here>>>Over the past month, shares of Blackstone Inc. have returned +2.5% versus the Zacks S&P 500 composite's +0.6% change. Currently, BX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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