BlackRock Finance (BLK) stock closed down slightly while outperforming sector and market.

From Nasdaq: 2024-11-25 18:15:06

BlackRock Finance (BLK) closed at $1,031.49, down 0.48% from the previous day, trailing the S&P 500’s 0.3% gain. Over the last month, BLK shares rose by 6.41%, outperforming the Finance sector and S&P 500. Market watchers are eagerly anticipating BlackRock Finance’s upcoming earnings report projecting $11.55 per share, a 19.57% YoY growth.

Analysts expect BlackRock Finance to report earnings of $43.17 per share and revenue of $20.33 billion for the full year, representing +14.3% and +13.84% YoY changes, respectively. The company currently holds a Zacks Rank of #1 (Strong Buy). Investors should monitor analyst revisions for insights into the company’s business outlook and stock performance.

BlackRock Finance’s valuation metrics include a Forward P/E ratio of 24.01 and a PEG ratio of 1.85, indicating a premium compared to industry averages. The Financial – Investment Management industry, where BLK operates, boasts a Zacks Industry Rank of 23, positioning it in the top 10% of all industries. Investors can track these metrics on Zacks.com for informed decision-making.

Zacks Research Chief identifies a stock with the potential to double in value. With a growing customer base and innovative solutions, this financial firm is poised for significant gains. The stock is among five identified by experts as likely to increase by 100% or more. Investors can access the full report for more insights and recommendations from Zacks Investment Research.



Read more at Nasdaq: BlackRock Finance (BLK) Stock Dips While Market Gains: Key Facts