BlackRock earnings expected to set scene for future growth

The world's largest asset manager is expected to report its full-year results on Friday, following a major reshuffle announced this week.

BlackRock is expected to post modest results in its full-year earnings statement on Friday, but seems to be preparing for major growth.

The world’s largest asset manager, which earlier this week announced a wide-ranging restructure of its operations across equities, fixed income and real estate, has previously stated it believes major changes in its leadership roles have had a positive impact on performance, and the message seems to be resonating well with investors.

Bloomberg data indicates that 16 analysts are currently recommending a buy on the firm, while none recommend a sell, with many believing its long-term outlook is good. The firm has met revenue expectations six times in last eight quarters and, in Q3, saw a 2.6% year-on-year increase in revenue to $2.86 billion. Adjusted earnings per share in Q3 were $4.99 and are expected to fall marginally to $4.81 in Q4.

Interestingly, BlackRock has been speaking to real estate brokers, seeking a one million square feet office in Manhattan, bucking the trend of other firms which are looking to downsize their physical presence in the expensive city, with a spokesperson saying it needs space for future operations in the city.

Remember to check out The Trade on Friday when we’ll be bringing you all the details of BlackRock’s full results for 2015.

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