BlackRock (BLK) Beats Q4 Earnings and Revenue Estimates
From Nasdaq:
BlackRock reported quarterly earnings of $9.66 per share, beating the consensus estimate of $8.84 per share. Despite losing 2.4% since the start of this year, Zacks Rank #2 suggests potential future growth for the company. Consensus EPS estimate for the coming quarter is $9.03 on $4.69 billion in revenues.
Investors should track the company’s earnings outlook and the sustainability of its stock’s performance. Based on favorable estimate revisions trend, BlackRock’s shares are expected to outperform the market in the near future.
Ameriprise Financial Services is expected to post quarterly earnings of $7.67 per share, representing a year-over-year change of +10.5%. The company’s revenues for the quarter are expected to be $3.88 billion, up 6.5% from the year-ago quarter.
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