Major Earnings Reports Expected from BlackRock, Goldman Sachs, and Others Before Thursday Bell
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Earnings Forecast: On Thursday, major companies including BlackRock (BLK), First Horizon Corporation (FHN), Goldman Sachs (GS), Morgan Stanley (MS), and Taiwan Semiconductor Manufacturing Company Limited (TSM) are set to release their earnings reports, drawing significant market attention.
- Market Reaction: Investor reactions to these earnings reports could influence overall market sentiment, particularly in the current economic climate, where analysts' expectations for profitability will directly impact stock price volatility.
- Industry Impact: As industry leaders, the earnings reports from BlackRock and Goldman Sachs will provide crucial insights into the health of the financial sector, potentially affecting investor confidence across the entire financial industry.
- Investor Focus: Market participants will closely monitor key metrics such as earnings per share (EPS) and revenue growth in these reports to assess the companies' performance amid economic uncertainties and their future outlook.
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.
