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BlackRock, Inc. (NYSE:BLK) Posts Solid Q3 Earnings

BlackRock, Inc. (NYSE:BLK)

BlackRock, Inc. , right before the market opened on Wednesday, October 14, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $5.00 per share. The firm showed sales totaling $2.91B for the three months.

In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $4.57 per share from BlackRock, Inc. for the quarter. Sales for the period were forecast to come in at $2.82B by consensus.

BlackRock, Inc. (NYSE:BLK)

BlackRock, Inc. results by comparison

The same three months of 2014 saw BlackRock, Inc. earn $5.37 per share on sales that came to $2.85B. In the last twelve months, shares in the firm have gained 7.25% of their value. In the three months leading into the release of these results the firm lost 5.32% of their value.

BlackRock, Inc. , is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

Products are offered directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles.

Analysts look at BlackRock, Inc.

BlackRock, Inc. , is expected to make a profit of $19.39 per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $11.31B.

In the last full fiscal year, BlackRock, Inc. made $19.34 per share. Sales came in at $11.08B.

Of the 21 analysts covering the firm for Wall Street, 5 analysts said that clients should Buy shares in the firm, 9 analysts rated the shares at Overweight, while 7 analysts said that holding the shares was the best option going forward.

None of the analyst said that clients should keep the shares Underweight in their portfolios, while none of the analyst said that their best idea was to Sell the shares ahead of the release of this earnings report.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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