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BlackRock (BLK) Outpaces Stock Market Gains: What You Should Know

BlackRock (BLK) closed at $643.56 in the latest trading session, marking a +1.08% move from the prior day. This move outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq lost 0.68%.

Heading into today, shares of the investment firm had lost 11.09% over the past month, outpacing the Finance sector's loss of 11.27% and lagging the S&P 500's loss of 3.9% in that time.

BlackRock will be looking to display strength as it nears its next earnings release. In that report, analysts expect BlackRock to post earnings of $8.04 per share. This would mark a year-over-year decline of 15.55%. Our most recent consensus estimate is calling for quarterly revenue of $4.29 billion, down 8.79% from the year-ago period.

BLK's full-year Zacks Consensus Estimates are calling for earnings of $34.84 per share and revenue of $18.25 billion. These results would represent year-over-year changes of -1.47% and +2.13%, respectively.

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Investors should also note any recent changes to analyst estimates for BlackRock. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.9% higher. BlackRock is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, BlackRock is currently trading at a Forward P/E ratio of 18.27. Its industry sports an average Forward P/E of 10.02, so we one might conclude that BlackRock is trading at a premium comparatively.

Meanwhile, BLK's PEG ratio is currently 2.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Management industry currently had an average PEG ratio of 1.28 as of yesterday's close.

The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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BlackRock, Inc. (BLK) : Free Stock Analysis Report

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Zacks Investment Research