Analysts Expect $3.04 per Share from BlackRock Inc. in This Week’s Earnings Report

BlackRock, Inc. (NYSE:BLK) will unveil its latest earnings on Thursday, January 19, 2012. BlackRock, along with its subsidiaries, provides investment management services to institutional clients and to individual investors through various investment vehicles.

BlackRock, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $3.04 per share, a decline of 11.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $3.31. Between one and three months ago, the average estimate moved down. It also has dropped from $3.06 during the last month. For the year, analysts are projecting profit of $11.90 per share, a rise of 8.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of $2.83 per share against a mean estimate of profit of $2.74 per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 10% in revenue from the year-earlier quarter to $2.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 8% to $595 million ($3.23 a share) from $551 million ($2.83 a share) the year earlier, exceeding analyst expectations. Revenue fell 2.1% to $2.15 billion from $2.2 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 43.3% in the second quarter and 34.3% in the first quarter.

A year-over-year revenue decrease in the third quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 18.6%in the second quarter, 14.4% in the first quarter and 60.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: Morgan Stanley (NYSE:MS), T. Rowe Price Group, Inc. (NASDAQ:TROW), American Intl. Group, Inc. (NYSE:AIG), Barclays PLC (NYSE:BCS), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), Invesco Ltd. (NYSE:IVZ), UBS AG (NYSE:UBS), Affiliated Managers Group, Inc. (NYSE:AMG), and Franklin Resources, Inc. (NYSE:BEN).

Stock Price Performance: During October 18, 2011 to January 13, 2012, the stock price had risen $31.52 (20.3%) from $155.05 to $186.57. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 15, 2011 when shares rose for eight-straight days, rising 5.8% (+$10.97) over that span. It saw one of its worst periods between April 1, 2011 and April 18, 2011 when shares fell for 12-straight days, falling 5.9% (-$11.61) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com