BlackRock, Inc. Third Quarter Earnings Sneak Peek

BlackRock, Inc. (NYSE:BLK) will unveil its latest earnings on Wednesday, October 19, 2011. 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 profit of $2.83 per share, a rise of 2.9% 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 $3.17. Between one and three months ago, the average estimate moved down. It also has dropped from $3.02 during the last month. Analysts are projecting profit to rise by 11.7% versus last year to $12.22.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at net income of $3 a share versus the estimate of profit of $2.92 a share. It marked the fourth straight quarter of beating estimates.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: Analysts are projecting a rise of 11.5% in revenue from the year-earlier quarter to $2.33 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 43.3% to $619 million ($3.21 a share) from $432 million ($2.21 a share) the year earlier, exceeding analyst expectations. Revenue rose 18.6% to $2.36 billion from $1.99 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 43%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 78.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 34.3% in the first quarter and more than twofold 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 July 20, 2011 to October 13, 2011, the stock price had fallen $29.33 (-16%) from $182.98 to $153.65. 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% (-$11.70) over that span. 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% (+$11.06) over that span. Shares are down $32.76 (-17.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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