BX - Blackstone stock rises on eve of Q1 results amid hopes to maintain EPS beat run

Blackstone (NYSE:BX) is scheduled to announce Q1 earnings results on Thursday, April 21st, before market open. The consensus EPS Estimate is $1.10 (+14.6% Y/Y) and the consensus Revenue Estimate is $2.54B (+23.9% Y/Y). Over the last 2 years, BX has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 11 downward. Revenue estimates have seen 1 upward revision and 2 downward. Banks and financial firms have begun reporting their Q1 results. While, consumer and business banking and higher interest rates are expected to provide some lift, equity capital markets and reduced M&A activity are likely to detract from earnings. JPMorgan Chase (JPM) Q1 results reflected increased downside risks for the economy, losses from funding spread widening, and adjustments for commodities exposures and markdowns of derivatives receivables from Russia-associated counterparties. Meanwhile,

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Blackstone stock rises on eve of Q1 results amid hopes to maintain EPS beat run