BlackRock earnings: $7.52 per share, vs $6.84 EPS expected

BlackRock, the largest asset manager in the world, is set to release its results for the third quarter later on Tuesday. Here is what analysts are expecting from those results:

  • Earnings: $6.84 per share expected by Refinitiv
  • Revenue: $3.648 billion forecast
  • Assets under management: $6.498 trillion expected by StreetAccount
  • Advisory, administration and lending revenue: $2.97 billion expected

The company’s assets under management totaled $6.299 trillion at the end of the second quarter. BlackRock shares are down sharply this year, falling more than 16 percent in 2018 through Monday’s close. Meanwhile, the S&P 500 is up nearly 3 percent year to date.

The report comes after BlackRock completed in late September the acquisition of Citibanamex’s asset management business, which has about $34 billion in assets.

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