BlackRock, Inc. (BLK) is set to announce its Q315 earnings tomorrow before the open. Analysts expect the San Francisco, California-based investment manager to report earnings per share of $4.58 and revenue of $2.82 billion. That would be $0.38 lower the $4.96 per share posted last quarter and $0.63 lower the $5.21 posted in the Q314. Revenue is projected to be $30 million lower than the $2.85 billion posted in the same period a year earlier. Meanwhile, for the current quarter EarningsWhisper.com reports a whisper number of $4.72 per share.
As a quick reminder, BLK reported Q215 EPS of $4.96, $0.15 better than the Street’s consensus estimate of $4.81. Revs increased 4.68% year-over-year to $2.91 billion versus the $2.86 billion consensus.
BlackRock, Inc., currently valued at $52.43 billion, has a median Wall Street price target of $368.00 with a high target of $430.00. In the past 52 weeks, shares of the company have traded between a low of $275.00 and a high of $382.84 with the 50-day MA and 200-day MA located at $304.72 and $342.08 levels, respectively. Additionally, shares of BLK trade at a P/E ratio of 1.68 and have a Relative Strength Index (RSI) and MACD indicator of 54.34 and +8.99, respectively.
BLK currently prints a one year return of 6.25% and a year-to-date loss of around 10%.