BlackRock (BLK) Beats Stock Market Upswing: What Investors Need to Know

BlackRock (BLK) closed the most recent trading day at $1,093.78, moving +1.18% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.81%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 1.26%.

Coming into today, shares of the investment firm had lost 2.32% in the past month. In that same time, the Finance sector lost 0.97%, while the S&P 500 lost 0.25%.

The investment community will be closely monitoring the performance of BlackRock in its forthcoming earnings report. The company is forecasted to report an EPS of $12.42, showcasing a 9.91% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $6.64 billion, reflecting a 25.76% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $53.64 per share and a revenue of $27.89 billion, indicating changes of +11.54% and +15.18%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for BlackRock. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. BlackRock is currently sporting a Zacks Rank of #3 (Hold).

With respect to valuation, BlackRock is currently being traded at a Forward P/E ratio of 20.15. This valuation marks a premium compared to its industry average Forward P/E of 10.69.

Investors should also note that BLK has a PEG ratio of 1.36 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Management was holding an average PEG ratio of 0.86 at yesterday's closing price.

The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 140, putting it in the bottom 43% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.