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Blackstone Group's Earnings: A Preview

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Benzinga Insights
·2 min read
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Blackstone Group (NYSE:BX) announces its next round of earnings this Wednesday, January 27. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street expects EPS of $0.88 and sales around $2.29 billion. In the same quarter last year, Blackstone Group reported EPS of $0.71 on revenue of $2.09 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

View more earnings on BX

The analyst consensus estimate would represent a 23.94% increase in the company's earnings. Revenue would be up 9.52% from the same quarter last year. Blackstone Group's reported EPS has stacked up against analyst estimates in the past like this:

EPS Estimate

0.55

0.43

0.50

0.66

EPS Actual

0.63

0.43

0.46

0.71

Revenue Estimate

1.26 B

1.09 B

1.25 B

1.56 B

Revenue Actual

3.03 B

2.52 B

1.14 B

2.09 B

Stock Performance

Over the last 52-week period, shares are up 5.09%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Blackstone Group is scheduled to hold the call at 09:00:00 ET and can be accessed here.

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