Top Wall Street Forecasters Revamp BlackRock Expectations Ahead Of Q2 Earnings

Author: Avi Kapoor | July 12, 2024 08:00am

BlackRock, Inc. (NYSE:BLK) will release its second quarter financial results, before the opening bell on Monday, July 15.

Analysts expect the San Francisco, California-based company to report quarterly earnings at $10.01 per share, up from $9.28 per share in the year-ago period. BlackRock is expected to post revenue of $4.85 billion, compared to $4.46 billion a year earlier, according to data from Benzinga Pro.

On July 1, BlackRock announced plans to acquire private markets data data solutions provider Preqin for £2.55 billion ($3.2 billion) in cash.

BlackRock shares gained 1.6% to close at $824.87 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• UBS analyst Brennan Hawken maintained a Neutral rating and cut the price target from $842 to $837 on July 10. This analyst has an accuracy rate of 69%.
• TD Cowen analyst Bill Katz maintained a Buy rating and slashed the price target from $974 to $969 on July 8. This analyst has an accuracy rate of 61%.
• Keefe, Bruyette & Woods analyst Aidan Hall maintained an Outperform rating with a price target of $915 on July 2. This analyst has an accuracy rate of 61%.
• Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and increased the price target from $880 to $920 on March 8. This analyst has an accuracy rate of 61%.
• Goldman Sachs analyst Alexander Blostein maintained a Buy rating and boosted the price target from $719 to $793 on Nov. 30, 2023. This analyst has an accuracy rate of 73%.

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Posted In: BLK