6/29/2023 0 Comments Buy shinedown attention attentionWhile comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Without considering a stock's valuation, no investment decision can be efficient. The company topped consensus revenue estimates three times over this period. surpassed consensus EPS estimates three times. Over the last four quarters, Blackstone Inc. EPS of $0.97 for the same period compares with $1.55 a year ago.Ĭompared to the Zacks Consensus Estimate of $2.4 billion, the reported revenues represent a surprise of +3.65%. reported revenues of $2.49 billion in the last reported quarter, representing a year-over-year change of -29%. Last Reported Results and Surprise Historyīlackstone Inc. The $11.23 billion and $15.46 billion estimates for the current and next fiscal years indicate changes of -10.8% and +37.6%, respectively. the consensus sales estimate of $2.47 billion for the current quarter points to a year-over-year change of -40.6%. So, it's important to know a company's potential revenue growth. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Blackstone Inc. With an impressive externally audited track record, our proprietary stock rating tool - the Zacks Rank - is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. Over the past month, the estimate has changed -2.9%. Over the last 30 days, this estimate has changed -5.2%.įor the next fiscal year, the consensus earnings estimate of $6.08 indicates a change of +39.6% from what Blackstone Inc. The Zacks Consensus Estimate has changed -7.1% over the last 30 days.įor the current fiscal year, the consensus earnings estimate of $4.35 points to a change of -15.9% from the prior year. is expected to post earnings of $0.95 per share, indicating a change of -36.2% from the year-ago quarter. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.įor the current quarter, Blackstone Inc. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
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