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

• BlackRock, Inc. BLK.N reported quarterly adjusted earnings of $15.93​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $11.55. The mean expectation of sixteen analysts for the quarter was for earnings of $14.13 per share. Wall Street expected results to range from $13.66 to $14.80 per share.

• Revenue rose 19.1% to $7.75 billion from a year ago; analysts expected $7.52 billion.

• BlackRock, Inc.'s reported EPS for the quarter was $10.57​.

• The company reported quarterly net income of $1.66 billion.

• BlackRock, Inc. shares had risen by 0.7% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 2 "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 BlackRock, Inc. is $1,300.00, about 18% above its last closing price of $1,066.12

This summary was machine generated from LSEG data October 14 at 01:31 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)