Insights into Blackstone's Upcoming Earnings
Portfolio Pulse from Benzinga Insights
Blackstone (NYSE:BX) is set to announce its quarterly earnings on October 17, 2024. Analysts estimate an EPS of $0.94. The company's past performance shows mixed results, with a recent EPS miss leading to a share price increase. Analysts rate Blackstone as Neutral with a potential downside. Blackstone's financials reveal challenges in revenue growth and net margin, but strong ROE. The company's debt-to-equity ratio is higher than the industry average.
October 16, 2024 | 2:01 pm
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Blackstone is expected to announce its earnings with an estimated EPS of $0.94. Analysts rate it as Neutral with a potential downside. The company's financials show challenges in revenue growth and net margin, but strong ROE. The debt-to-equity ratio is higher than the industry average.
The upcoming earnings announcement is crucial for Blackstone, with analysts expecting an EPS of $0.94. The Neutral rating and potential downside suggest limited short-term price movement. Financial challenges in revenue growth and net margin, alongside a high debt-to-equity ratio, may weigh on investor sentiment. However, strong ROE indicates efficient financial management, balancing the overall impact.
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