Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. To read this article on Zacks.com click here. BlackRock says its fourth-quarter revenue totaled $3.434 billion while adjusted earnings per share was $6.08. ET. Do the numbers hold clues to what lies ahead for the stock? nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Analysts: Michael Carrier — Bank of America Merrill Lynch — Analyst. BlackRock (NYSE: BLK) is scheduled to announce Q2 earnings results on Friday, July 17th, before market open. 19 July 2019, 4:54 am. Type a symbol or company name. This quarterly report represents an earnings surprise of -11.11%. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. A wealth of resources for individual investors is available at www.zacks.com. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. BlackRock, Inc. ’s (BLK - Free Report) second-quarter 2020 adjusted earnings of $7.85 per share hugely surpassed the Zacks Consensus Estimate … Rob Kapito — President. Yahoo is part of Verizon Media. Read full article. This quarterly report represents an earnings surprise of 13.77%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BlackRock (BLK) came out with quarterly earnings of $7.85 per share, beating the Zacks Consensus Estimate of $6.90 per share. BlackRock (BLK) came out with quarterly earnings of $7.85 per share, beating the Zacks Consensus Estimate of $6.90 per share. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. BlackRock, Inc. Q3 2020 Earnings Call dated Oct. 13, 2020 Corporate Participants: Christopher Meade — Chief Legal Officer. 3 mins read BlackRock (BLK) came out with quarterly earnings of $7.85 per share, beating the Zacks Consensus Estimate of $6.90 per share. In June, BlackRock posted a negative earnings surprise, in which earnings fell 7% to $6.41, short of the consensus at $6.50. You can change your choices at any time by visiting Your Privacy Controls. Earnings per share decreased 18.75% year … You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. BlackRock, Inc.’s BLK second-quarter 2020 adjusted earnings of $7.85 per share hugely surpassed the Zacks Consensus Estimate of $6.90. 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Larry Fink — Chairman and Chief Executive Officer. Earnings per share … The company has topped consensus revenue estimates three times over the last four quarters. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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Moreover, the figure was 3.8% lower than the year-ago quarter’s number. BlackRock Kelso Capital (BKCC) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.18 per share. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. BlackRock (NYSE: BLK) posted Q2 earnings of $1.41 billion, an increase from Q1 of 105.56%.Sales dropped to $3.65 billion, a 1.67% decrease between quarters. Ahead of this earnings release, the estimate revisions trend for BlackRock was favorable. BlackRock (BLK) came out with quarterly earnings of $7.85 per share, beating the Zacks Consensus Estimate of $6.90 per share. This comes after reporting adjusted earnings … BlackRock (BLK) Lags on Q2 Earnings as Revenues Decline. BlackRock came out with adjusted earnings per share of $6.66, beating the Zacks Consensus Estimate of $6.60. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. For the last reported quarter, it was expected that BlackRock TCP would post earnings of $0.37 per share when it actually produced earnings of $0.38, delivering a surprise of … BlackRock shares have increased 13% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Contents: Prepared Remarks; Questions and Answers; … When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. In Q1, BlackRock brought in … It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Gary Shedlin — Chief Financial Officer. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.90 per share. BlackRock TCP Capital Corp (NASDAQ:TCPC) Q2 2020 Earnings Conference Call August 6, 2020 12:00 PM ET. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Do Not Sell My Personal Information (CA Residents Only). Sales fell to … Higher-than-expected earnings were primarily driven by improvement in revenues. So, the shares are expected to outperform the market in the near future. BlackRock (NYSE: BLK) saw a drop in both earnings and sales after Q2.Earnings dropped to $627 million, a 78.26% decrease from the previous quarter. Today, that discovery is still the heart of the Zacks Rank. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. BlackRock TCP (TCPC) delivered earnings and revenue surprises of 20.00% and 21.05%, respectively, for the quarter ended June 2020. Katie McGlynn - Director, Global Investor Relations. BlackRock, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $3.65 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 1.96%. A quarter ago, it was expected that this investment firm would post earnings of $6.69 per share when it actually produced earnings of $6.60, delivering a surprise of -1.35%. Do the numbers hold clues to what lies ahead for the stock? © 2021, Nasdaq, Inc. All Rights Reserved. This compares to earnings of … BlackRock, Inc. BLK is slated to report second-quarter 2020 results on Jul 17, before the opening bell. BlackRock shares have added about 12.8% since the beginning of the year versus the S&P 500's decline of -0.5%. BlackRock (NYSE: BLK) earnings for the investment management company’s second quarter of 2020 have BLK stock on the rise Friday. Zacks Equity Research. Its revenues and earnings for the to-be-reported quarter are projected to decline year over year. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. These figures are adjusted for non-recurring items. iShares generated $51 billion of net inflows in the second quarter, led by … While BlackRock has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Copy and paste multiple symbols separated by commas. Create your Watchlist to save your favorite quotes on Nasdaq.com. This compares to earnings of $6.41 per share a year ago. Craig Siegenthaler — Credit Suisse — Analyst BlackRock (BLK) delivered earnings and revenue surprises of -1.69% and -0.80%, respectively, for the quarter ended June 2019. BlackRock is working with our clients in more ways in both active and index. Its revenues and earnings in the quarter are expected to … node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, BlackRock, Inc. (BLK): Free Stock Analysis Report. Blackrock Kelso Capital (BKCC) Q3 2020 Earnings Call Transcript BKCC earnings call for the period ending September 30, 2020. The investment firm posted revenue of $3.65 billion in the period. Find out more about how we use your information in our Privacy Policy and Cookie Policy. 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BlackRock, Inc.’s BLK second-quarter 2019 adjusted earnings of $6.41 per share lagged the Zacks Consensus Estimate of $6.52. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i