Blackstone Q4 Adj. DEPS $1.11 Beats $0.96 Estimate, Adj. Revenue $2.54B Miss $2.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone (NYSE:BX) reported Q4 adjusted earnings per share (EPS) of $1.11, surpassing the consensus estimate of $0.96 by 15.63%. Year-over-year, this represents a 3.74% increase from $1.07 per share. However, Blackstone's adjusted revenue of $2.54 billion fell short of the expected $2.57 billion by 1.36%, despite being an 8.24% increase from the previous year's $2.34 billion.
January 25, 2024 | 11:58 am
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POSITIVE IMPACT
Blackstone's Q4 earnings beat estimates with an EPS of $1.11, but revenue slightly missed expectations. The EPS outperformance may positively influence investor sentiment.
The positive earnings beat is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the revenue miss could temper some of the enthusiasm, making the overall impact moderately positive.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100