Advertisement
UK markets closed
  • FTSE 100

    8,317.59
    -21.64 (-0.26%)
     
  • FTSE 250

    20,770.93
    +139.63 (+0.68%)
     
  • AIM

    810.02
    +5.00 (+0.62%)
     
  • GBP/EUR

    1.1765
    +0.0028 (+0.24%)
     
  • GBP/USD

    1.2770
    +0.0031 (+0.24%)
     
  • Bitcoin GBP

    54,011.52
    -115.86 (-0.21%)
     
  • CMC Crypto 200

    1,492.43
    +8.24 (+0.56%)
     
  • S&P 500

    5,304.72
    +36.88 (+0.70%)
     
  • DOW

    39,069.59
    +4.29 (+0.01%)
     
  • CRUDE OIL

    78.48
    +0.76 (+0.98%)
     
  • GOLD FUTURES

    2,357.70
    +23.20 (+0.99%)
     
  • NIKKEI 225

    38,900.02
    +253.91 (+0.66%)
     
  • HANG SENG

    18,827.35
    +218.41 (+1.17%)
     
  • DAX

    18,746.34
    +52.97 (+0.28%)
     
  • CAC 40

    8,112.90
    +17.93 (+0.22%)
     

BlackRock First Quarter 2024 Earnings: EPS Beats Expectations

BlackRock (NYSE:BLK) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$4.73b (up 11% from 1Q 2023).

  • Net income: US$1.57b (up 36% from 1Q 2023).

  • Profit margin: 33% (up from 27% in 1Q 2023). The increase in margin was driven by higher revenue.

  • EPS: US$10.58 (up from US$7.72 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

BlackRock EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Capital Markets industry in the US.

ADVERTISEMENT

Performance of the American Capital Markets industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for BlackRock you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.