BlackRock Inc reports results for the quarter ended June 30 - Earnings Summary

• BlackRock Inc BLK reported quarterly adjusted earnings of $12.05​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $10.36. The mean expectation of thirteen analysts for the quarter was for earnings of $10.82 per share. Wall Street expected results to range from $10.54 to $11.07 per share.

• Revenue rose 12.9% to $5.42 billion from a year ago; analysts expected $5.46 billion.

• BlackRock Inc's reported EPS for the quarter was $10.19​.

• The company reported quarterly net income of $1.59 billion.

• BlackRock Inc shares had risen by 5.9% this quarter and gained 8.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $1,195.00, about 7% above its last closing price of $1,111.46

This summary was machine generated from LSEG data July 15 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)