Blackrock Inc (NYSE: BLK) has reported E.P.S. of $9.25 for its fourth fiscal quarter (ending December 31) versus $8.39 for the same period a year ago — an increase of 10%. This performance was $0.43 better than the consensus estimate of $8.82. For the latest four quarters through December 31, E.P.S. were $36.85 compared to $34.31 a year ago — an increase of 7%.
Recent Price Action
Blackrock Inc (NYSE: BLK) stock closed at $799.60 on 1/12/24 after a modest gain of 0.9%. Moreover, this advance was accompanied by above average trading volume at 134% of normal. The stock has risen 1.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BLK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BlackRock has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. BlackRock has a slightly negative Appreciation Score of 35 but a good Power Rating of 80, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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