Earnings is just around the corner for BlackRock, Inc. (NYSE:BLK) as the firm is slated to issue their report on 10/18/2016 8:30:00 AM. The firm has most recently posted quarter over quarter growth of -2.20% and sales growth of -3.50% quarter over quarter.
In terms of the trend lines, BlackRock, Inc. (NYSE:BLK) shares are currently -6.32% off of their 52-week high and 28.00% off from the 52-week low point. The stock is 3.08% from the 200-day moving average and -3.55% from the 50-day average. The Relative Strength Index for the stock stands at 39.59.
Increased volatility should be expected heading into and immediately after the BlackRock, Inc. (NYSE:BLK) earnings report. According to the most recent data, the average true range stands at 5.93 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 1.37% and 1.53% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 1.23.
So is there any potential upside for the stock if BlackRock, Inc. is able to meet or beat earnings? Analysts, on a consensus basis have a $395.38 on the stock, compared to a recent bid of $352.20. The average broker recommendation yields a score of 2.10, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 1.60% shares are held by company insiders. On the institutional front, 86.50% of BlackRock, Inc. (NYSE:BLK) are owned by firms or funds. Over the past few months, insider transactions have trended -8.08% while institutions saw a change of 0.02% in company stock.
Year to date, BlackRock, Inc. (NYSE:BLK) holders have seen returns of 4.60%. Over the past month the stock moved -3.15% and most recently shares over the past five trading days have moved -2.09%.