BlackRock (BLK) Rises But Trails Market: What Investors Should Know

Company Performance - BlackRock (BLK) closed at $963.50, reflecting a +1.24% change from the previous session, underperforming the S&P 500's gain of 1.77% for the day [1] - Over the past month, BlackRock's stock has decreased by 2.31%, compared to the Finance sector's loss of 1.46% and the S&P 500's loss of 5.73% [1] Earnings Forecast - The upcoming earnings report for BlackRock is anticipated to show an EPS of$ 10.84, representing a 10.5% growth year-over-year [2] - Revenue is expected to reach $5.49 billion, indicating a 16.04% increase compared to the same quarter last year [2] - For the full year, earnings are projected at$ 47.41 per share and revenue at $23.66 billion, reflecting changes of +8.71% and +15.95% respectively from the previous year [3] Analyst Revisions and Stock Ratings - Recent revisions to analyst forecasts for BlackRock are important as they reflect changes in short-term business dynamics, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which assesses estimate changes, currently ranks BlackRock at 3 (Hold), with a recent EPS estimate decrease of 0.06% [6] Valuation Metrics - BlackRock's Forward P/E ratio stands at 20.08, which is a premium compared to its industry's Forward P/E of 9.83 [7] - The company has a PEG ratio of 1.83, while the Financial - Investment Management industry has an average PEG ratio of 1.02 [7] Industry Context - The Financial - Investment Management industry, part of the Finance sector, has a Zacks Industry Rank of 146, placing it in the bottom 42% of over 250 industries [8]