BX Earnings Prediction
The chart below shows how BX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BX sees a -2.68% change in stock price 10 days leading up to the earnings, and a +1.84% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
BX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.71B
48.70%
30.43%
Gross Margin
--
--
--
Operating Margin
51.84%
5.22%
11.82%
Net Margin
42.22%
14.29%
26.48%
EPS
1.02
39.73%
75.86%
No Data Available
BX Earnings Analysis
Blackstone Inc. Corporation (BX.N) Earnings Conference Call
Positive
Quarterly Net Income: GAAP net income for the quarter was $1.6 billion.
Distributable Earnings and Dividends: Distributable earnings were $1.3 billion or $1.01 per common share, and we declared a dividend of $0.86 per share, which will be paid to holders of record as of October 28.
Strong Q3 Earnings Report: Blackstone reported strong third quarter results including distributable earnings of $1.3 billion as well as the highest fee-related earnings in two years.
Interest Rate Impact Analysis: Since the Fed began its interest rate tightening cycle in 2022, we've spent considerable time on our earnings calls discussing how we see the macro environment unfold.
Record Capital Deployment: Over the last 12 months, Blackstone has deployed $123 billion, representing one of the most active periods in our history, and double the prior year comparable period.
Negative
Quarterly Net Income: GAAAP net income for the quarter of $1.6 billion.
Distributable Earnings and Dividends: Distributable earnings were $1.3 billion or $1.01 per common share and we declared a dividend of $0.86 per share.
Fund Depreciation Surge: The third quarter marked the highest amount of overall fund depreciation in three years.
Net Realizations Decline: We reported a decline in net realizations of $226 million in the quarter, primarily generated by the sale of public stock of an India-based retail REIT and certain energy positions.
Management Fees Increase: Management fees in the third quarter increased 8% year-over-year to a record $1.8 billion.
BX FAQs
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BX Earning Call Sentiment
Blackstone Inc. (BX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BX.N
-2.26%Positive
The earnings call reflects a positive sentiment with strong financial performance, record high AUM, and an optimistic outlook on FRE growth and strategic partnerships. Despite some concerns about operating expenses and unclear management responses, the overall tone is positive. The Q&A section highlights significant growth potential in asset-backed markets and a favorable M&A and IPO environment. The announcement of returning 100% of earnings to shareholders through dividends and buybacks further supports a positive stock price reaction.