Blackstone Q1 2024 Adj EPS $1.11 Beats $0.97 Estimate, Sales $3.69B Beat $2.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Blackstone (NYSE:BX) reported Q1 2024 adjusted EPS of $1.11, surpassing the $0.97 estimate, with sales of $3.69B exceeding the $2.49B estimate. This represents a 48.32% increase in sales compared to the same period last year.
April 18, 2024 | 11:01 am
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POSITIVE IMPACT
Blackstone reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales growth.
Beating both EPS and sales estimates by wide margins, especially with such a significant year-over-year sales increase, is likely to be viewed positively by investors. This outperformance could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100