Blackstone Inc. reports results for the quarter ended September 30 - Earnings Summary

• Blackstone Inc. BX.N reported quarterly adjusted earnings of $1.32​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.52. The mean expectation of nineteen analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.14 to $1.33 per share.

• Revenue fell 2.6% to $3.22 billion from a year ago; analysts expected $3.28 billion.

• Blackstone Inc.'s reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $662.37 million.

• Blackstone Inc. shares had fallen by 2.2% this quarter and lost 28.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, sixteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy"

• Wall Street's median 12-month price target for Blackstone Inc. is $134.00, about 18.2% above its last closing price of $109.57

This summary was machine generated from LSEG data October 22 at 03:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)