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Blackstone Group (BX) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Blackstone Group (BX) closed at $30.39, marking a -0.36% move from the previous day. This change lagged the S&P 500's 0.02% loss on the day. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 0.39%.

Coming into today, shares of the investment manager had lost 7.35% in the past month. In that same time, the Finance sector lost 4.48%, while the S&P 500 lost 2.56%.

BX will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2019. The company is expected to report EPS of $0.61, down 14.08% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.58 billion, down 16.14% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.91 per share and revenue of $7.01 billion. These totals would mark changes of +3.56% and -1.6%, respectively, from last year.

Any recent changes to analyst estimates for BX should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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. Over the past month, the Zacks Consensus EPS estimate has moved 2.53% lower. BX is currently a Zacks Rank #3 (Hold).

In terms of valuation, BX is currently trading at a Forward P/E ratio of 10.48. For comparison, its industry has an average Forward P/E of 10.36, which means BX is trading at a premium to the group.

Meanwhile, BX's PEG ratio is currently 1.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BX's industry had an average PEG ratio of 1.31 as of yesterday's close.

The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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