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Valued at a market cap of $125.4 billion, Blackstone Inc. (BX) is an alternative asset management company that specializes in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity, and multi-asset class strategies. The New York-based company typically invests in early-stage, seed, middle market, mature, late venture and later-stage companies and also provides capital markets services. It is expected to announce its fiscal Q4 earnings results on Thursday, Jan. 23.
Ahead of this event, analysts project the financial sector giant to report a profit of $1.48 per share, up 33.3% from $1.11 per share in the year-ago quarter. The company has met or outpaced Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q3, BX’s adjusted EPS of $1.01 outpaced the consensus estimates by a notable margin of 11%.
