It's Showtime for BlackRock

Seth Jayson, The Motley Fool
Updated

BlackRock (NYS: BLK) is expected to report Q1 earnings on April 16. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict BlackRock's revenues will expand 8.3% and EPS will increase 13.0%.

The average estimate for revenue is $2.44 billion. On the bottom line, the average EPS estimate is $3.57.


Revenue details
 Last quarter, BlackRock reported revenue of $2.54 billion. GAAP reported sales were 14% higher than the prior-year quarter's $2.23 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $3.96. GAAP EPS of $3.93 for Q4 were 29% higher than the prior-year quarter's $3.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 57.0%, 220 basis points better than the prior-year quarter. Operating margin was 39.3%, 160 basis points better than the prior-year quarter. Net margin was 27.2%, 230 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $10.36 billion. The average EPS estimate is $15.80.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BlackRock is outperform, with an average price target of $213.79.

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The article It's Showtime for BlackRock originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends BlackRock. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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