BlackRock Stock To Edge Ahead Of Consensus In Q1?

SectorFinancial Markets
CountryMiddle east

MANHATTAN, NEW YORK, UNITED STATES - 2021/03/03: BlackRock offices in New York City. (Photo by Erik ... [+] McGregor/LightRocket via Getty Images) LightRocket via Getty Images BlackRock (NYSE: BLK) is scheduled to report its fiscal Q1 2021 results on Thursday, April 15. We expect BlackRock to likely beat the consensus estimates for revenues and earnings.

BLK, the world’s biggest asset manager, has delivered better than expected results in each of the last four quarters. The company managed to deliver positive revenue growth in the full year 2020 revenues, mainly driven by growth in its Assets under Management (AuM). Further, the growth was also driven by market volatility due to the economic slowdown and headwinds in industries directly impacted by the Covid-19 crisis, which was also responsible for diverting investor funds toward BlackRock. We expect the above factors to drive the first-quarter FY2021 results as well. Our forecast indicates that BlackRock’s valuation is around $830 per share, which is 6% more than the current market price of around $782. Look at our interactive dashboard analysis on BlackRock’s pre-earnings: What To Expect in Q1? for more details. (1) Revenues expected to slightly edge pass more...