Blackstone’s (BX) first-quarter 2024 distributable earnings of $1.09 per share surpassed the Zacks Consensus Estimate of $1.04. The figure reflects a rise of 11% from the prior-year quarter.Results benefited from higher segment revenues and a surge in assets under management (AUM) balance. However, an increase in GAAP expenses was a headwind.Net income attributable to Blackstone was $614.9 million, down 27.1% from the year-ago quarter.BX’s Segment Revenues Increase, GAAP Expenses RiseTotal segment revenues ...

Group 1 - Blackstone Inc. reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $1.04 per share, and up from $0.98 per share a year ago, representing an earnings surprise of 4.81% [1] - The company posted revenues of $2.76 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.62%, compared to year-ago revenues of $2.55 billion [2] - Blackstone Inc. has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times during the same period [2] Group 2 - The stock has underperformed, losing about 25% since the beginning of the year, while the S&P 500 has declined by 10.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.19 on revenues of $2.9 billion, and for the current fiscal year, it is $5.13 on revenues of $12.39 billion [7] Group 3 - The Zacks Industry Rank places Financial - Miscellaneous Services in the top 31% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Blackstone Reports First Quarter 2025 Results New York, April 17, 2025: Blackstone (NYSE:BX) today reported its first quarter 2025 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, "Blackstone reported another quarter of strong results despite turbulent markets. Inflows reached $62 billion — the highest level in nearly three years — reflecting the deep trust we've built with our investors over decades. We also delivered positive investment performance across all of our major strate ...

Financial Performance - GAAP Net Income for Q1 2025 was $1.2 billion, with Net Income Attributable to Blackstone Inc. at $615 million[11]. - Total Revenues for Q1 2025 were $3.29 billion, a decrease from $3.69 billion in Q1 2024[12]. - Distributable Earnings for Q1 2025 reached $1,410,805 thousand, representing an 11% increase compared to Q1 2024[70]. - The company reported a net income per share of $0.80 for Q1 2025, down from $1.12 in Q1 2024[77]. - Total expenses rose to $1,894,432 in Q1 2025, an increase of 5.8% from $1,790,407 in Q1 2024[77]. - Adjusted EBITDA for Q1 2025 was $1,738,711, up from $1,577,216 in Q1 2024, representing a growth of 10.2%[78]. - The actual dividend per common share for Q1 2025 was $0.93, a 12% increase from the previous quarter[71]. Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $1.167 trillion, with Fee-Earning AUM at $860.1 billion[14]. - Total AUM increased to $1,167.5 billion, up 10% year-over-year, with inflows of $61.6 billion in the quarter and $199.1 billion over the LTM[26]. - As of March 31, 2025, Blackstone reported a total Fee-Earning AUM of $860.07 billion, reflecting a 4% increase from the previous year[49]. - Total AUM for Multi-Asset Investing increased by 12% to $87.8 billion with inflows of $3.4 billion in the quarter[44]. Inflows and Deployments - Blackstone reported inflows of $62 billion in Q1 2025, the highest level in nearly three years[2]. - The company deployed $36.4 billion in Q1 2025, with realizations of $25.5 billion during the same period[14]. - Inflows for Real Estate were $6.2 billion in the quarter and $26.0 billion over the LTM, with capital deployed of $5.2 billion in the quarter[35]. - Private Equity total AUM increased 16% to $371.0 billion, with inflows of $21.7 billion in the quarter and $55.6 billion over the LTM[38]. Performance Metrics - Private Credit net returns were 2.0% for 1Q'25 and 10.8% for 1Q'25 LTM; Liquid Credit net returns were 0.4% for 1Q'25 and 6.9% for 1Q'25 LTM[20]. - Realized Performance Revenues surged by 506% to $91.6 million in 1Q'25 compared to 1Q'24, and increased by 88% to $389.6 million over the LTM[40]. - Fee Related Earnings (FRE) for Q1 2025 were $1.3 billion ($1.03/share), with Distributable Earnings (DE) at $1.4 billion ($1.09/share)[14]. - Total Management and Advisory Fees, Net reached $1.89 billion in 1Q'25, reflecting a growth from $1.71 billion in 1Q'24[47]. Shareholder Returns - Blackstone declared a quarterly dividend of $0.93 per share, payable on May 5, 2025[3]. - The remaining available authorization for share repurchase was $1.8 billion as of March 31, 2025[74]. - Blackstone repurchased 0.2 million common shares in Q1 2025, totaling 3.5 million shares over the last twelve months[14]. Market Conditions and Strategy - The company is well-positioned with $177 billion of dry powder to deploy in the current market environment[2]. - The company expects current market activity to impact reported results in upcoming quarters, indicating a focus on adapting to market conditions[105]. - Forward-looking statements reflect the company's current views on operations, earnings, and financial performance, subject to various risks and uncertainties[111]. Investment Performance - Total investments as of March 31, 2025, amount to $58.92 billion, with a net IRR of 10%[62]. - Total net returns for the levered and unlevered funds of the European Senior Debt II strategy were 14% and 8%, respectively[65]. - Blackstone's GP/Fund Investments as of March 31, 2025, included $594 million in Real Estate, $1.5 billion in Private Equity, $988 million in Credit & Insurance, and $113 million in Multi-Asset Investing[104].

Core Viewpoint - Blackstone's shares were rated as a "sell" despite strong earnings and inflows, with an optimistic outlook for 2025 due to expected income from performance [1] Group 1: Company Performance - Blackstone is performing well in terms of earnings and inflows [1] - The company has a positive outlook for 2025, driven by anticipated income from performance [1] Group 2: Investment Strategy - The focus is on identifying investment opportunities that combine growth and quality factors [1] - Preferred stocks are those with a strong growth narrative supported by robust financial statements [1]

Group 1 - Blackstone is the world's largest alternative asset manager, founded in 1985 with $400k in assets under management (AUM) [1] - The firm has been a leader in the growth of alternative investments, indicating a strong market position and expertise in this sector [1] Group 2 - The focus of the analysis is on identifying high-quality companies with strong balance sheets and shareholder-friendly policies [1] - A disciplined approach to valuation is emphasized, incorporating both quantitative and qualitative measures to find underappreciated opportunities [1]

Core Viewpoint - Analysts forecast that Blackstone Inc. (BX) will report quarterly earnings of $1.11 per share, reflecting a year-over-year increase of 13.3%, with anticipated revenues of $2.81 billion, showing a 10.1% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 6.1% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Segment Revenues- Base Management Fees' to be $1.80 billion, a 9.4% increase from the prior year [5]. - 'Segment Revenues- Total Management and Advisory Fees, Net' is expected to reach $1.89 billion, reflecting a 10.5% year-over-year increase [5]. - 'Segment Revenues- Fee Related Performance Revenues' is projected at $283.39 million, indicating a decline of 4.1% year-over-year [6]. - 'Segment Revenues- Realized Performance Revenues' is estimated to be $628.05 million, showing a 17.1% increase from the previous year [6]. Assets Under Management - The consensus estimate for 'Fee-Earning Assets Under Management Rollforward - Private Equity' is $217.64 billion, up from $170.6 billion in the same quarter last year [7]. - 'Fee-Earning Assets Under Management Rollforward - Real Estate' is projected at $281.95 billion, down from $301.58 billion year-over-year [7]. - 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions' is expected to reach $76.20 billion, compared to $73.38 billion last year [8]. - 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' is estimated at $281.73 billion, up from $235.83 billion year-over-year [8]. - The average prediction for 'Fee-Earning Assets Under Management' is $857.53 billion, compared to $781.4 billion last year [9]. - 'Total Assets Under Management - Hedge Fund Solutions' is expected to be $85.46 billion, up from $82.29 billion year-over-year [9]. - 'Total Assets Under Management - Credit & Insurance' is projected at $388.49 billion, compared to $329.64 billion last year [9]. - 'Total Assets Under Management - Real Estate' is estimated to be $320.58 billion, down from $339.33 billion year-over-year [10]. Stock Performance - Shares of Blackstone Inc. have decreased by 9.7% in the past month, contrasting with a 3.6% decline in the Zacks S&P 500 composite [11].

One of the largest global alternative asset managers, Blackstone (BX) , is scheduled to announce first-quarter 2025 results on April 17, before the opening bell. Its quarterly revenues and earnings are likely to have increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Blackstone’s fourth-quarter 2024 distributable earnings beat the Zacks Consensus Estimate. Results benefited from an increase in segment revenues and higher assets under management (AUM) ...

Group 1 - Blackstone Inc. is scheduled to report its Q1 2025 earnings results on April 17, with mixed signals surrounding the company's performance [1] - The company continues to expand its operations, indicating potential growth despite the mixed signals [1] Group 2 - The article does not provide any specific financial metrics or performance indicators related to Blackstone Inc. [1]

Blackstone Inc. (BX) shares ended the last trading session 14.4% higher at $137.36. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.1% loss over the past four weeks.Blackstone shares rallied sharply as markets responded positively to President Trump’s announcement of a 90-day tariff suspension for non-retaliating countries. The move alleviated trade tensions, boosting investor sentiment and driving a notable sur ...