BlackRock Earnings Preview: All Eyes on iShares

BlackRock, Inc. (NYSE:BLK) will release its earnings report for the three months ended September 30 2013 on Wednesday October 16 before the market opens on Wall Street. The company is coming off of a long run of earnings beats, and investors are wondering whether or not the company can continue its incredible run.

BlackRock Earnings Preview: All Eyes on iShares

In the run up to the release of the earnings report analysts studying BlackRock, Inc. (NYSE:BLK) were looking for earnings of $3.89 per share for the three month period. Revenue is expected to come in at $2.5 billion. In the same quarter in 2012 the company earned $3.47 per share on revenue totaling $2.3 billion.

BlackRock earnings

Last week Doug Sipkin, an analyst with Susquehanna International Group, raised his price target on BlackRock, Inc. (NYSE:BLK) shares to $279 from $270. That number is below what shares in the company have been trading at in recent days, but the report was still optimistic on the company’s future.

In the report the Susquehanna International Group analyst raised his estimates on BlackRock, Inc. (NYSE:BLK) earnings for the coming earnings report. Sipkin projects the company earned $3.85 per share in the third quarter, and expects earnings for the full year to come to 17.44.

Those numbers are well ahead of analyst predictions for the company, but there is a weight of expectation on the investment house. Shares in the firm are trading at more than 18 times earnings, indicating expectations of consistent earnings growth in the coming quarters.

BlackRock performance

Shares in BlackRock, Inc. (NYSE:BLK) have performed extremely well through 2013 so far. The company’s shares have gained more than 37% from January 1 through close on Monday October 14. BlackRock performance has been incredible in recent quarters, but investors are wondering whether the trend can last.

BlackRock, Inc. (NYSE:BLK) has been performing incredibly well in ETFs, and much of the inflows expected to be reported for the third quarter are from the financial instruments.  Susquehanna expected $21 billion of inflows for the quarter with $17 billion sourced from ETFs. The report expects most of the ETF inflows to be equity related.

BlackRock, Inc. (NYSE:BLK) has been at the forefront of much innovation in the investment world and the firm’s efforts in ETFs are driving much of its success. The company will host a conference call to discuss the earnings report at 9:30 AM on Wednesday morning.