The Blackstone Group Earnings Preview: Can This Streak Continue?

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The Blackstone Group (NYSE:BX) will report earnings before markets open on Thursday, July 18th. The Blackstone Group LP is a global alternative asset manager and provider of financial advisory services. The firm’s asset management businesses include the management of corporate private equity funds, real estate funds, mezzanine funds, proprietary hedge funds and closed-end mutual funds. Blackstone also provides M&A and reorganization advisory, as well as private placement services.

Here is your Cheat Sheet to The Blackstone Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.52 per share on revenues of $1.22 billion. Currently, the company’s P/E ratio stands at 36.75.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.56 to a profit $0.58. For the current year, the average estimate is a profit of $2.27, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how The Blackstone Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions -349 1,774 3,119 3,253 4,019
Diluted EPS ($) -4.36 -2.46 -1.02 -0.57 0.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 627.20 1,223.09 1,228.75 1,246.47
Diluted EPS ($) -0.14 0.24 0.19 0.29

Past Performance:
The Blackstone Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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