BX

Blackstone Inc. (BX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This investment manager is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +9.1%. Revenues are expected to be $3.36 billion, up 9.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.02% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for posi...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Blackstone Inc. (BX), which belongs to the Zacks Financial - Miscellaneous Services industry, could be a great candidate to consider. This investment manager has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.94%. For the most recent quarter, Blackstone Inc. was expected to post earnings of $1.35 per share, but it reported $1.36 per share instead, representing a surprise of 0.74%. For the previous quarter, the consensus estimate was $1.52 per share, while it actually produced $1.75 per share, a surprise of 15.13%. Thanks in part to this history, there has been a favorable change in earnings estimates for Blackstone Inc. lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Blackstone Inc. has an Earnings ESP of +0.11% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 23, 2026. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings m...

BlackRock’s BLK second-quarter 2026 adjusted earnings of $13.91 per share handily surpassed the Zacks Consensus Estimate of $12.72. The figure reflects a 15% rise from the year-ago quarter.Shares of the company gained 4.4% in the pre-market trading on better-than-expected results, primarily driven by record AUM balance. However, a full day’s trading session will depict a clearer picture.Results benefited from a rise in revenues. The assets under management (AUM) balance witnessed robust year-over-year growth, driven by net inflows. However, higher expenses created a headwind.Net income attributable to BlackRock (on a GAAP basis) was $1.91 billion, up 20% from the prior-year quarter. Quarterly revenues (on a GAAP basis) were $7.08 billion, outpacing the Zacks Consensus Estimate of $6.84 billion. Revenues increased 31% year over year. The rise was driven by an increase in all revenue components.Total expenses amounted to $4.62 billion, up 25% year over year. The increase was due to a rise in all cost components, except for the change in fair value of contingent consideration. Also, the company did not record any restructuring charge in the reported quarter.Non-operating income (on a GAAP basis) was $258 million, down 50% from the prior-year quarter.BlackRock’s adjusted operating income was $2.92 billion, increasing 39% from the prior-year quarter. As of June 30, 2026, AUM was a record $15.34 trillion, reflecting a year-over-year rise of 22%. The company witnessed long-term net inflows of $199 billion in the reported quarter.As of June 30, 2026, the average AUM of $14.85 trillion rose 24% year over year. BlackRock repurchased shares worth $450 million in the reported quarter. BLK’s continued efforts to diversify offerings and improve its revenue mix are expected to continue to support its financials despite the ongoing private credit headwinds. The acquisitions of Global Infrastructure Partners, Preqin ElmTree Funds and HPS Investment Partners are likely to enhance the company’s position as a global asset manager. However, elevated expenses pose a significant challenge for the company. BlackRock price-consensus-eps-surprise-chart | BlackRock Quote BlackRock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Blackstone Inc. BX is slated to report second-quarter 2026 results on July 23.Over th...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Blackstone’s share price has delivered a 42.8% gain over the past 5 years. At around US$123, the stock screens as expensive on several checks, while the intrinsic value estimate from the Excess Returns model points to pricing that is close to fair rather than clearly cheap. Over 5 years, Blackstone has returned 42.8%, which is a solid outcome that can make today’s entry point more sensitive to what investors are willing to pay next. Recent deals in energy transition and data centers can support expectations for long term fee and cash flow growth. At the same time, regulatory pushback on transactions such as the ordered unwind of the TXNM Energy stake highlights legal and execution risks that can affect how much investors are prepared to pay. Blackstone passes only 1 of 6 valuation checks, which suggests the stock leans expensive on broader measures even if the intrinsic value work does not flag a large mispricing. For investors, the debate is whether Blackstone’s business momentum and deal pipeline are enough to justify paying up when the valuation tools mostly indicate limited room for error. Find out why Blackstone's -21.3% return over the last year is lagging behind its peers. The Excess Returns model for Blackstone looks at how efficiently the company turns its equity base into profits above its estimated cost of capital. For Blackstone, the inputs are punchy, with an average Return on Equity of 45.37% on a Book Value of $10.66 per share and a Stable EPS assumption of $5.57 per share. Against an estimated Cost of Equity of $0.98 per share, this leaves an Excess Return of $4.59 per share and supports a Stable Book Value of $12.27 per share. Those cash generation assumptions translate into an intrinsic value estimate of about $115.92 per share, compared with a current price close to $123, which implies the stock screens around 6.2% overvalued on this framework. Because Blackstone’s QTS unit has dropped its large Virginia data center project after legal and community challenges, a premium price relative to the Excess Returns estimate may reflect investor confidence that other fee and capital deployment opportunities can offset such setbacks. On this Excess Returns view, Blackstone looks roughly fairly valued with a slight tilt toward overvalued at tod...

New York-based Blackstone Inc. (BX) is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. Valued at $87.4 billion by market cap, the company typically invests in early-stage, seed, middle market, mature, late venture and later stage companies, and also provides capital markets services. The leading alternatives platform is expected to announce its fiscal second-quarter earnings for 2026 in the near term. Ahead of the event, analysts expect BX to report a profit of $1.34 per share on a diluted basis, up 10.7% from $1.21 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Dear Microsoft Stock Fans, Mark Your Calendars for August 1 Heavy Advanced Micro Devices Call Options Volume Today - Is AMD Undervalued? From Zero to $15 Billion, Qualcomm’s AI Roadmap Gets a Boost From Modular Acquisition Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect BX to report EPS of $5.90, up 5.9% from $5.57 in fiscal 2025. Its EPS is expected to rise 29.5% year over year to $7.64 in fiscal 2027. BX stock has notably underperformed the S&P 500 Index’s ($SPX) 14.1% gains over the past 52 weeks, with shares down 21.3% during this period. Similarly, it underperformed the State Street Financial Select Sector SPDR ETF’s (XLF) 2.4% returns over the same time frame. On Apr. 23, BX shares closed down by 5.7% after reporting its Q1 results. Its adjusted EPS of $1.36 exceeded Wall Street expectations of $1.35. The company’s revenue stood at $3.6 billion, up 10% from the year-ago quarter. Analysts’ consensus opinion on BX stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 22 analysts covering the stock, nine advise a “Strong Buy” rating, three suggest a “Moderate Buy,” nine give a “Hold,” and one recommends a “Strong Sell.” BX’s average analyst price target is $141.04, indicating a potential upside of 19.9% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. T...

Jefferies (JEF) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.51%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $0.89 per share when it actually produced earnings of $0.89, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Jefferies, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $2.21 billion for the quarter ended May 2026, missing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $1.63 billion. The company has topped consensus revenue estimates three times over the last four quarters. 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. Jefferies shares have lost about 2.3% since the beginning of the year versus the S&P 500's gain of 7.6%. While Jefferies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. Ahead of this earnings release, the estimate revisions trend for Jefferies was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zack...

Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Blackstone (NYSE:BX) and its peers. Asset management firms oversee investment portfolios for institutions and individuals. The industry benefits from the growing global wealth pool, retirement savings needs, and expansion into alternative investments (private equity, real estate, etc.). However, firms face significant pressure from the shift to lower-cost passive investment products, regulatory requirements for fee transparency, and increasing technology costs to stay competitive in portfolio management and client service. The 5 asset management stocks we track reported a mixed Q1. As a group, revenues missed analysts’ consensus estimates by 1.8%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.7% since the latest earnings results. With over $1 trillion in assets under management and investments spanning real estate, private equity, credit, and hedge funds, Blackstone (NYSE:BX) is a global alternative asset manager that invests capital on behalf of pension funds, sovereign wealth funds, and other institutional investors. Blackstone reported revenues of $3.46 billion, up 24.2% year on year. This print exceeded analysts’ expectations by 1.4%. Overall, it was a satisfactory quarter for the company with a narrow beat of analysts’ AUM estimates. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 11.4% since reporting and currently trades at $114.92. Is now the time to buy Blackstone? Access our full analysis of the earnings results here, it’s free. Founded in 1992 and managing over 300 active portfolio companies across more than 30 countries, TPG (NASDAQ:TPG) is a global alternative asset management firm that invests across private equity, credit, real estate, and public market strategies. TPG reported revenues of $570 million, up 20.7% year on year, outperforming analysts’ expectations by 5.2%. The business had an exceptional quarter with a beat of analysts’ EPS and revenue estimates. TPG delivered the biggest analyst estimate beat among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 6.9% since reporting. It currently trades at $41.19. Is now the...

Ares Management Corporation’s ARES assets under management (“AUM”) balance is steadily rising, driven by higher fee-related revenues, strong fundraising momentum and continued platform expansion. As a global alternative investment manager, Ares Management benefits from growing investor demand for private credit, real assets, secondaries and insurance-linked investment solutions. As of March 31, 2026, ARES’ total AUM was $644.3 billion, up 18% from the prior-year period. Fee-paying AUM increased 19.2% year over year, while perpetual capital AUM jumped 39.1%. This is important because fee-paying AUM directly supports management fee revenues, while perpetual capital provides a more stable and long-duration earnings base. Over 2019-2025, the company’s AUM recorded a six-year compound annual growth rate (“CAGR”) of 26.9%, reflecting strong capital inflows into private credit strategies, higher fundraising through wealth management channels and increased allocations to insurance-related managed assets. The company’s organic growth profile also remains encouraging. Revenues witnessed a six-year CAGR of 21.2% through 2025, aided by higher management and performance fees from an expanding asset base. In the first quarter of 2026, revenues rose 43.7% year over year. Management continues to target 16-20% or more annual organic growth in fee-related earnings and more than 20% annual growth in realized income over the medium term, indicating confidence in the scalability of the business. Strategic acquisitions further strengthened Ares Management’s long-term growth prospects. The February 2026 acquisition of BlueCove expanded its systematic credit capabilities, while the 2025 GCP International deal enhanced its real assets and digital infrastructure platform. These transactions broaden ARES’ product offerings and improve its ability to capture global investor demand. Current concerns in the private credit market could moderately slow Ares Management’s near-term AUM growth, as weaker investor sentiment and rising redemption requests weigh on fundraising momentum. Nevertheless, the long-term outlook for private credit remains favorable, with industry AUM expected to grow meaningfully as institutional investors continue shifting toward alternative assets. As a result, sustained AUM growth should remain a key driver of Ares Management’s earnings trajectory. Over the next thr...

All three major US stock indexes were down in late-morning trading Tuesday, as the 30-year Treasury

Shares of Lazard Inc. LAZ plunged 6.9% in Friday’s trading session on lower-than-expected quarterly results. Its first-quarter 2026 adjusted earnings per share of 42 cents missed the Zacks Consensus Estimate of 52 cents. This compared unfavorably with earnings of 56 cents in the year-ago quarter. Lazard’s results were affected by lower revenues in the Financial Advisory and Corporate segments. An increase in operating expenses was also negative. However, an increase in assets under management (AUM) and higher revenue in the Asset Management segment supported the results to some extent. The results excluded certain non-recurring items. After considering those, Lazard’s net income (GAAP) was $100.9 million, which rose 67.1% from the prior-year quarter. Quarterly adjusted net revenues were $672.9 million, which rose 4.6% year over year. However, the top line missed the Zacks Consensus Estimate by 9.5%. Operating expenses increased 12.4% year over year to $667 million, primarily driven by higher compensation costs. The ratio of adjusted compensation expenses to operating revenues was 69.9%, higher than 65.5% in the year-ago quarter. The ratio of adjusted non-compensation expenses to operating revenues was 22.1%, down from 23% in the prior-year quarter. Financial Advisory: The segment’s adjusted operating revenues were $356.2 million, down 3.6% from the year-ago quarter. Asset Management: Segmental adjusted operating revenues of $308.8 million increased 16.8% year over year, driven by higher management fees and incentive fees. Corporate: Adjusted operating revenues from this segment were $7.9 million, down from $9.1 million in the year-ago quarter. As of March 31, 2026, total AUM was $259.2 billion, which increased 13.9% year over year. The average AUM in the reported quarter was $265.5 billion, up 15% from the year-ago quarter. The company’s cash and cash equivalents totaled $1.02 billion as of March 31, 2026, down 30.5% from the prior quarter. Total stockholders’ equity was $872.4 million, down 3.7% sequentially. In the first quarter of 2026, Lazard did not repurchase any common stock. As of March 31, 2026, approximately $107 million of authorization remained available for repurchase. In April 2026, Lazard announced that it had entered into a definitive agreement to acquire Campbell Lutyens for approximately $575 million, marking a significant expansion of its...

Federated Hermes, Inc.’s FHI first-quarter 2026 earnings per share of $1.27 topped the Zacks Consensus Estimate of $1.20. The bottom line grew 1.6% from the year-ago quarter. Higher net investment advisory fees, net administrative service fees and net other service fees are major driving factors. The company also achieved a record level of assets under management (AUM). However, the rise in expenses remained a headwind. Net income was $96.4 million in the first quarter, down 4.7% from the year-ago quarter. Total revenues increased 13.1% year over year to $478.96 million. The top line surpassed the Zacks Consensus Estimate by 0.17%. Quarterly net investment advisory fees rose 11.1% year over year to $319.4 million. Net other service fees grew 40.9% year over year to $49.3 million, and net administrative service fees rose 9.1% to $110.3 million. In the first quarter, Federated Hermes derived 54% of its revenues from money-market assets, 45% from long-term assets and 1% from sources other than managed assets. Total operating expenses increased 20.9% year over year to $352.6 million. FHI recorded a net non-operating income of $3.4 million, down from $4.3 million in the prior-year quarter. As of March 31, 2026, cash and other investments and total long-term debt were $645.4 million and $348.4 million, respectively. This compares to $724.3 million and $348.4 million, respectively, as of Dec. 31, 2025. As of March 31, 2026, total managed assets were at a record level of $907.1 billion, up 8% year over year. FHI reported record money-market assets of $684.7 billion, up 7% year over year. Fixed-income assets increased marginally to $99.8 billion. Equity assets of $100.8 billion increased 25% from the prior-year quarter. Alternative/private market assets declined 2% year over year to $19 billion. Average managed assets totaled $915.6 billion, up 9% year over year. The company repurchased 1,191,300 shares of its class B common stock in the reported quarter for $66 million. Federated Hermes also declared a dividend of 38 cents per share, up 11.8% from the previous quarter. The dividend is payable May 15, 2026, to shareholders of record as of May 8, 2026. Federated Hermes delivered a strong quarter with solid growth in revenues and AUM, supported mainly by its money-market and equity asset segments. Although operating expenses rose, revenue growth helped maintain momentu...

In late April 2026, Blackstone Inc. reported first-quarter revenue of US$3,617.6 million and net income of US$649.73 million, alongside continued share repurchases and a reduced quarterly dividend of US$1.16 per share. At the same time, Blackstone accelerated its push into artificial intelligence by launching its new West Coast unit, Blackstone N1, to concentrate AI-related investments and support firmwide technology-focused deal activity. Next, we’ll examine how Blackstone’s stronger quarterly earnings and creation of Blackstone N1 affect its existing investment narrative. We've uncovered the 13 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Blackstone, you need to believe in its ability to grow fee-based earnings across private markets while managing liquidity and redemption pressures. The key short term catalyst is how effectively it balances large inflows into credit and insurance with stress in semi-liquid products like BCRED. Against that, the biggest risk is that market volatility and redemption caps constrain realizations and fee visibility. The latest quarter’s earnings and AI push do not materially change that risk-reward focus yet. The creation of Blackstone N1, a new West Coast AI-focused unit, is the most relevant update here. It fits directly with Blackstone’s push into technology and AI infrastructure, including data center exposure through QTS and discussions around Anthropic-related initiatives. For investors watching catalysts, N1 adds a clearer focal point for potential fee growth tied to high-growth tech assets, sitting alongside the firm’s existing strength in private credit and infrastructure inflows. Yet while AI and inflows are in focus, investors should also be aware of how rising redemption pressures and liquidity management in semi-liquid funds could... Read the full narrative on Blackstone (it's free!) Blackstone's narrative projects $21.5 billion revenue and $10.5 billion earnings by 2028. This requires 16.7% yearly revenue growth and a roughly $7.6 billion earnings increase from $2.9 billion today. Uncover how Blackstone's forecasts yield a $162.26 fair value, a 28% upside to its current price. More optimistic analysts had been assuming Blackstone could grow revenue to about US$22.8 billion and earnings to roughly US$8.8 billion, while also counting on technology and private we...