This story originally appeared on Zacks
Blackstone Inc. (BX) closed the most recent trading day at $126.71, moving -1.78% from the previous trading session. This change lagged the S&P 500’s 0.75% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.23%.
Heading into today, shares of the investment manager had lost 9.66% over the past month, lagging the Finance sector’s loss of 3.61% and the S&P 500’s loss of 0.13% in that time.
Investors will be hoping for strength from Blackstone Inc. as it approaches its next earnings release. The company is expected to report EPS of $1.30, up 15.04% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.01 billion, up 7.45% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting…