Sohini Mondal
2 min read
With a market cap of $110.3 billion, Blackstone Inc. (BX) is a global leader in alternative asset management and financial advisory services. The firm operates across four key segments: Real Estate; Private Equity; Hedge Fund Solutions; and Credit & Insurance, investing across asset classes and geographies on behalf of institutional and individual investors. BX is expected to announce its fiscal Q2 2025 earnings results on Thursday, Jul. 17.
Ahead of this event, analysts expect the New York-based company to report an adjusted EPS of $1.09, up 13.5% from $0.96 in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q1 2025, BX exceeded the consensus adjusted EPS estimate by 4.8%.
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For fiscal 2025, analysts expect the investment manager to report an adjusted EPS of $4.78, an increase of over 3% from $4.64 in fiscal 2024. Moreover, adjusted EPS is anticipated to grow 33.3% year-over-year to $6.37 in fiscal 2026.
Shares of Blackstone have climbed 23.1% over the past 52 weeks, surpassing the S&P 500 Index's ($SPX) 12.6% rise. However, the stock has lagged behind the Financial Select Sector SPDR Fund's (XLF) nearly 27% return over the same period.
Shares of Blackstone recovered on Apr. 17 after the firm reported stronger-than-expected Q1 2025 results, driven by robust asset sales and continued credit momentum. Adjusted revenue came in at $2.8 billion and adjusted EPS of $1.09, surpassing expectations. Strong inflows of $61.6 billion, half of which went to the credit and insurance segment, helped push AUM up 10% to $1.2 trillion.
Moreover, the stock jumped nearly 7% on May 12 after reports emerged that its infrastructure unit is in advanced talks to acquire TXNM Energy, New Mexico’s largest utility with 800,000 customers, positioning the firm to benefit from rising electricity demand driven by AI-related computing needs.
Analysts' consensus view on Blackstone’s stock is cautiously optimistic, with an overall “Moderate Buy” rating. Among 22 analysts covering the stock, eight recommend "Strong Buy," one "Moderate Buy," 12 suggest "Hold," and one "Strong Sell." This configuration is slightly more bullish than three months ago, with seven analysts suggesting a "Strong Buy."
