BlackRock Q1 Adj. EPS $9.81 Beats $9.32 Estimate, Sales $4.73B Beat $4.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackRock reported Q1 adjusted EPS of $9.81, surpassing the $9.32 estimate, and sales of $4.73B, exceeding the $4.68B estimate. This represents a 23.71% increase in EPS and an 11.43% increase in sales from the same period last year.
April 12, 2024 | 9:59 am
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POSITIVE IMPACT
BlackRock's Q1 earnings and sales exceeded analyst expectations, with a notable year-over-year growth in both metrics.
The significant beat on both earnings per share and sales estimates, coupled with the substantial year-over-year growth, is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential short-term uptick in BLK's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100