Blackstone Inc (NYSE: BX) has reported earnings for its second fiscal quarter (ending June 30) of $0.58 versus $0.79 for the same period a year ago — a decline of -27%. This result fell short of the consensus estimate of $1.03 by $-0.45. For the latest four quarters through June 30, E.P.S. were $2.62 versus $1.66 for the same period a year ago — an increase of 58%.
Recent Price Action
On 7/18/24, Blackstone Inc (NYSE: BX) stock increased 1.2%, closing at $136.41. Moreover, exceptionally high trading volume at 236% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BX is expected to continue to be a major Value Builder.
Blackstone has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Blackstone has a very low Appreciation Score of 14 but a slightly positive Power Rating of 67, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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