Blackstone Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/18 11:10

Blackstone (NYSE:BX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$3.55b (up 50% from 3Q 2023).
  • Net income: US$780.8m (up 42% from 3Q 2023).
  • Profit margin: 22% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$1.02 (up from US$0.73 in 3Q 2023).
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NYSE:BX Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blackstone Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 14% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Blackstone.