Preview: BlackRock's Earnings
Portfolio Pulse from Benzinga Insights
BlackRock (NYSE:BLK) is scheduled to release its quarterly earnings report on January 12, 2024. Analysts predict an EPS of $8.84. Investors are looking for an earnings beat and positive guidance for future growth. Historically, BlackRock's stock price has shown mixed reactions to earnings reports, with minimal changes following the last announcement despite an EPS beat. Shares are currently trading at $792.36, with a 4.61% increase over the past 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 11, 2024 | 5:00 pm
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BlackRock is expected to report an EPS of $8.84 in its upcoming earnings. Historical data shows mixed stock price reactions to earnings reports. Shares have risen 4.61% over the last year, indicating positive investor sentiment.
The expected EPS of $8.84 sets a benchmark for BlackRock's performance. Historical data suggests that the stock price may not react strongly to the earnings report itself but could be influenced by the guidance provided. The positive year-to-date performance indicates a generally bullish sentiment, but the mixed historical reactions to earnings reports introduce uncertainty, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100