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BlackRock Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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BlackRock Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Jan 8, 2025 7:28 AM

BlackRock, Inc ( BLK ). will release earnings results for its fourth quarter, before the opening bell on Wednesday, Jan. 15, 2025.

Analysts expect the company to report quarterly earnings at $11.38 per share, up from $9.66 per share in the year-ago period. BlackRock ( BLK ) projects to report revenue of $5.63 billion for the recent quarter, compared to $4.63 billion a year earlier, according to data from Benzinga Pro.

On Dec. 3, the company disclosed a definitive agreement to acquire HPS Investment Partners for around $12 billion.

BlackRock ( BLK ) shares fell 3.2% to close at $980.76 on Tuesday.

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.

Wells Fargo analyst Michael Brown maintained an Overweight rating and slashed the price target from $1,200 to $1,155 on Jan. 7, 2025. This analyst has an accuracy rate of 70%.

Citigroup analyst William Katz maintained a Buy rating and boosted the price target from $1,150 to $1,200 on Dec. 23, 2024. This analyst has an accuracy rate of 67%.

Morgan Stanley analyst Mike Cyprys maintained an Overweight rating and raised the price target from $1,245 to $1,261 on Dec. 20, 2024. This analyst has an accuracy rate of 63%.

Barclays analyst Benjamin Budish maintained an Overweight rating and raised the price target from $1,120 to $1,220 on Dec. 9, 2024. This analyst has an accuracy rate of 81%.

Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and raised the price target from $1,040 to $1,160 on Nov. 7, 2024. This analyst has an accuracy rate of 77%.

Considering buying BLK stock? Here’s what analysts think:

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