Posted 10/12/2023, 7:26:47 PM
BlackRock Earnings Expected to Drop in Q3 as Volatile Markets Weigh on Profits
- BlackRock Q3 earnings seen sliding as volatile markets weigh
- Analysts expect profit to slide from previous quarter due to volatile markets
- Long-term flows expected to remain depressed vs. Q2 and Q1
- Average EPS estimate is $8.40, down from $9.28 in Q2 and $9.55 a year earlier
- Fee rates likely remained pressured with outflows from higher fee products
- Revenue expected to advance to $4.54B from $4.46B in prior quarter
