BlackRock (BLK) Q4 Earnings Beat Expectations with $268B Net Inflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Earnings Beat: BlackRock reported Q4 adjusted EPS of $13.16, exceeding analyst expectations of $12.30, and rising from $11.55 in Q3 and $11.93 in the same quarter last year, indicating sustained profitability improvements.
- Significant Revenue Growth: Q4 revenue reached $7.01 billion, surpassing the market consensus of $6.75 billion, and increasing from $6.51 billion in Q3 and $5.68 billion a year ago, reflecting strong performance in asset management.
- Strong Net Inflows: The firm achieved long-term net inflows of $268 billion in Q4, exceeding the Visible Alpha consensus of $265 billion and significantly up from $171 billion in the prior quarter, indicating increased investor confidence in BlackRock.
- Expense Increase: Total expenses for BlackRock were $5.35 billion, up 4.3% from the previous quarter and 22% year-over-year, yet the company still achieved solid profit growth, demonstrating improved operational efficiency.
Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1356 USD with a low forecast of 1244 USD and a high forecast of 1486 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 1089.540
Low
1244
Averages
1356
High
1486
Current: 1089.540
Low
1244
Averages
1356
High
1486
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
