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BlackRock (BLK) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, BlackRock (BLK - Free Report) closed at $407.06, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily gain of 1.06%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.72%.
Coming into today, shares of the investment firm had lost 2.4% in the past month. In that same time, the Finance sector gained 0.25%, while the S&P 500 lost 2.09%.
BLK will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. In that report, analysts expect BLK to post earnings of $6.95 per share. This would mark year-over-year growth of 11.38%. Meanwhile, our latest consensus estimate is calling for revenue of $3.70 billion, up 6.75% from the prior-year quarter.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $27.85 per share and revenue of $14.48 billion. These results would represent year-over-year changes of +23.23% and +15.96%, respectively.
Investors might also notice recent changes to analyst estimates for BLK. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.01% higher. BLK is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note BLK's current valuation metrics, including its Forward P/E ratio of 14.44. This represents a premium compared to its industry's average Forward P/E of 10.76.
Also, we should mention that BLK has a PEG ratio of 1.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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BlackRock (BLK) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, BlackRock (BLK - Free Report) closed at $407.06, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily gain of 1.06%. At the same time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 1.72%.
Coming into today, shares of the investment firm had lost 2.4% in the past month. In that same time, the Finance sector gained 0.25%, while the S&P 500 lost 2.09%.
BLK will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. In that report, analysts expect BLK to post earnings of $6.95 per share. This would mark year-over-year growth of 11.38%. Meanwhile, our latest consensus estimate is calling for revenue of $3.70 billion, up 6.75% from the prior-year quarter.
BLK's full-year Zacks Consensus Estimates are calling for earnings of $27.85 per share and revenue of $14.48 billion. These results would represent year-over-year changes of +23.23% and +15.96%, respectively.
Investors might also notice recent changes to analyst estimates for BLK. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.01% higher. BLK is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note BLK's current valuation metrics, including its Forward P/E ratio of 14.44. This represents a premium compared to its industry's average Forward P/E of 10.76.
Also, we should mention that BLK has a PEG ratio of 1.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.