Blackrock Earnings Preview: Can This Streak Continue?

Blackrock (NYSE:BLK) will report earnings before markets open on Thursday, July 18th. BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.

Here is your Cheat Sheet to Blackrock Earnings:

Earnings Expectations: Analysts expect earnings of $3.84 per share on revenues of $2.50 billion. Currently, the company’s P/E ratio stands at 18.90.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $4.02 to a profit $3.95. For the current year, the average estimate is a profit of $15.84, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Blackrock has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 5,064 4,700 8,612 9,081 9,337
Diluted EPS ($) 5.91 6.11 10.55 12.37 13.79

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 2,229.00 2,320.00 2,539.00 2,449.00
Diluted EPS ($) 3.08 3.65 3.93 3.62

Past Performance:
Blackrock has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]