BlackRock Finance Surpasses Q3 Earnings and Revenue Estimates
BlackRock Finance came out with quarterly earnings of $11.46 per share, beating the Zacks Consensus Estimate of $10.42 per share. This compares to earnings of $10.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.98%. A quarter ago, it was expected that this investment firm would post earnings of $9.96 per share when it actually produced earnings of $10.36, delivering a surprise of 4.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
BlackRock Finance, which belongs to the Zacks Financial – Investment Management industry, posted revenues of $5.2 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.93%. This compares to year-ago revenues of $4.52 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
BlackRock Finance shares have added about 17.7% …
Full story available on Benzinga.com
