BlackRock, Inc. reports results for the quarter ended September 30 — Earnings Summary

BlackRock, Inc. reported quarterly adjusted earnings of $15.93​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $11.55. The mean expectation of sixteen analysts for the quarter was for earnings of $14.13 per share. Wall Street expected results to range from $13.66 to $14.80 per share. Revenue rose 19.1% to $7.75 billion from a year ago; analysts expected $7.52 billion. BlackRock, Inc.'s reported EPS for the quarter was $10.57​. The company reported quarterly net income of $1.66 billion. BlackRock, Inc. shares had risen by 0.7% this quarter and lost 0.4% so far this year. Forecast Changes The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​ In the last 30 days, seven analysts negatively revised earnings estimates Recommendations The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment management & fund operators peer group is also "buy" Wall Street's median 12-month price target for BlackRock, Inc. is $1,300.00, ab