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Kritika Sarmah

Earnings Preview: What to Expect From Blackstone’s Report

Headquartered in New York, Blackstone Inc. (BX) is a global asset manager specializing in alternative investments and financial advisory services. With a market cap of $88.2 billion, the company invests across various asset classes for investors such as pension funds, insurance companies, and individual investors. The company is set to announce its Q2 earnings for fiscal 2024 on Thursday, Jul. 18.

Ahead of the event, analysts expect Blackstone to report a profit of $1.04 per share, up 11.8% from $0.93 per share in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in three of the last four quarters while missing on one occasion.

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