BlackRock (BLK) stock up, outperforms market, positive earnings and revenue growth projections.

From Nasdaq: 2024-06-28 18:15:20

In the recent trading session, BlackRock (BLK) closed at $787.32, up 0.79%, outpacing S&P 500. Prior to this, BLK gained 2.53% in a month, surpassing the finance sector but lagging behind S&P 500. BlackRock is expected to report an EPS of $9.88, with quarterly revenue estimated at $4.87 billion, showing positive growth trends.

Analysts are projecting BlackRock’s earnings to reach $41.25 per share and revenue of $20.2 billion for the entire fiscal year. Recent analyst estimate revisions suggest positive sentiment towards the company, which historically impacts stock performance. BlackRock currently holds a Zacks Rank of #3 (Hold), with no recent changes in EPS estimate over the past month.

BlackRock’s valuation metrics include a Forward P/E ratio of 18.94 and a PEG ratio of 1.61, suggesting it may be trading at a premium. The company’s industry has an average PEG ratio of 0.96. The Financial – Investment Management industry is currently ranked 179 out of 250+ industries, indicating it is in the bottom 29%.

Investors should monitor these stock metrics closely on Zacks.com for the latest recommendations and analysis. For more information, you can access the full report on BlackRock (BLK) and stay updated on market trends through Zacks Investment Research.



Read more at Nasdaq: BlackRock (BLK) Advances While Market Declines: Some Information for Investors