Earnings Outlook For Blackstone
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) is expected to release its quarterly earnings report on Thursday, 2024-01-25, with an estimated EPS of $1.00. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Blackstone's stock price has shown varied reactions to earnings reports, with minor increases and decreases in share price following past announcements. Currently, shares are trading at $118.98, up 28.45% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 24, 2024 | 2:01 pm
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NEUTRAL IMPACT
Blackstone is anticipated to report quarterly earnings with investors focusing on both the earnings beat and future guidance. Historical data shows mixed stock price reactions post-earnings. Shares are currently bullish, up 28.45% over the past year.
The short-term impact on BX's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical performance shows that the stock's reaction to earnings can be unpredictable, with minor price changes regardless of the earnings outcome. The current bullish trend may continue if the company meets or exceeds expectations, but given the mixed historical reactions, a neutral score is warranted until the actual results are released.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100