BlackRock, Inc. (NYSE:BLK) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

The full-year results for BlackRock, Inc. (NYSE:BLK) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of US$20b and statutory earnings per share of US$42.01. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on BlackRock after the latest results.

View our latest analysis for BlackRock

Taking into account the latest results, the current consensus from BlackRock's eleven analysts is for revenues of US$23.6b in 2025. This would reflect a decent 15% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 7.7% to US$44.28. In the lead-up to this report, the analysts had been modelling revenues of US$23.6b and earnings per share (EPS) of US$46.17 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

It might be a surprise to learn that the consensus price target was broadly unchanged at US$1,163, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on BlackRock, with the most bullish analyst valuing it at US$1,275 and the most bearish at US$1,017 per share. This is a very narrow spread of estimates, implying either that BlackRock is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting BlackRock's growth to accelerate, with the forecast 15% annualised growth to the end of 2025 ranking favourably alongside historical growth of 4.4% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.9% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that BlackRock is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for BlackRock. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for BlackRock going out to 2027, and you can see them free on our platform here.

We also provide an overview of the BlackRock Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.