For its third fiscal quarter (ending September 30), Blackrock Inc (NYSE: BLK) has reported a 3% increase in E.P.S. from $10.75 a year ago to $11.02 in the current quarter. This result exceeded the consensus estimate of $10.32 by $0.70. For the latest four quarters through September 30, E.P.S. were $40.92 versus $35.99 for the same period a year ago — an increase of 14%.
Recent Price Action
Blackrock Inc (NYSE: BLK) stock closed at $990.26 on 10/11/24 after a large increase of 3.6%. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
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 23 but a good Power Rating of 83, 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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