BlackRock Finance’s Q4 earnings show strong revenue growth and key metrics that exceed expectations, indicating solid performance.
New York: BlackRock Finance just released its Q4 earnings, and the numbers are looking pretty good. They reported a revenue of $5.68 billion, which is a solid 22.6% increase from last year. Their earnings per share (EPS) also jumped to $11.93, up from $9.66 a year ago.
What’s interesting is that their revenue beat the Zacks Consensus Estimate of $5.56 billion by about 2.16%. Plus, the EPS surprised analysts by 5.86%, who had expected it to be around $11.27.
Investors usually keep an eye on these headline figures, but there are some key metrics that really give a clearer picture of how the company is doing. These metrics help in understanding the overall performance and can guide investors in making decisions about the stock.
So, how did BlackRock do in terms of these important metrics? Well, they had net inflows of $281.42 billion, which was way above the $157.83 billion that analysts expected. Their cash management inflows also exceeded estimates, coming in at $80.75 billion against an expected $66 billion.
When it comes to assets under management, they reported $920.66 billion in cash management, beating the $890.25 billion estimate. Overall, their total assets under management reached $11,551.25 billion, slightly below the $11,860.03 billion forecast.
Looking at revenue from different segments, they earned $451 million from investment advisory performance fees, which is a 45% increase from last year. Their advisory and other revenue also saw a big jump, hitting $59 million, up 78.8% year-over-year.
In terms of distribution fees, they brought in $322 million, which was a bit lower than the $337.24 million expected. However, their technology services revenue was strong at $428 million, surpassing the $418.83 million estimate.
Overall, BlackRock’s stock has seen a decline of 8.2% over the past month, while the S&P 500 composite dropped 3.3%. Currently, the stock holds a Zacks Rank #3, suggesting it might perform in line with the market soon.
