Blackrock Inc (NYSE: BLK) has reported earnings for its second fiscal quarter (ending June 30) of $10.07 versus $9.13 for the same period a year ago — an increase of 10%. This performance was $0.11 better than the consensus estimate of $9.96. E.P.S. were $40.65 for the latest four quarters through June 30 versus $34.57 for the same period a year ago — an increase of 18%.
Recent Price Action
Blackrock Inc (NYSE: BLK) stock closed at $822.96 on 7/15/24 after a slight decline of -0.6%. Moreover, trading volume in this decline was unusually high at 157% of normal. Relative to the market the stock has been strong over the last nine months and has risen 4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BLK is expected to continue to be a major Value Builder.
BlackRock has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BlackRock has a poor Appreciation Score of 26 but a good Power Rating of 74, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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