Blackstone (BX) Set to Post Quarterly Earnings on Thursday

Key Points

• Blackstone is expected to report Q3 2026 results before the market opens on October 22. Analysts forecast earnings of $1.29 per share and revenue of $3.35 billion, compared with the company’s previous quarterly EPS beat of $1.52.
• Shares have fallen 3.5% and are trading near their 12-month low. The stock opened at $106.09, well below its 50-day moving average of $129.30, while analysts maintain a “Moderate Buy” consensus and an average price target of $144.65.
• Blackstone raised its quarterly dividend to $1.29 per share, equivalent to a 4.9% annualized yield, while recent developments include a planned $1.5 billion sale of ZO Skin Health and a delayed AirTrunk IPO that could affect capital recycling.

Blackstone (NYSE:BX - Get Free Report) will likely be announcing its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect Blackstone to post earnings of $1.29 per share and revenue of $3.35 billion for the quarter. Individuals may visit the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 9:00 AM ET.

Blackstone (NYSE:BX - Get Free Report) last released its earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The company had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $3.42 billion. During the same period last year, the business earned $0.98 EPS. Blackstone's revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts expect Blackstone to post $5.94 EPS for the current fiscal year and $7.50 EPS for the next fiscal year.

Blackstone Trading Down 3.5%

Shares of Blackstone stock opened at $106.09 on Thursday. The firm's 50 day simple moving average is $129.30 and its two-hundred day simple moving average is $124.25. The firm has a market capitalization of $79.63 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.32 and a beta of 1.59. Blackstone has a 12-month low of $101.73 and a 12-month high of $166.39. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Blackstone's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Monday, August 3rd. Blackstone's dividend payout ratio is presently 115.44%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Blackstone from $128.00 to $124.00 and set an "equal weight" rating for the company in a research note on Thursday, October 8th. Citigroup upgraded shares of Blackstone from a "market outperform" rating to a "buy" rating in a research note on Monday. Citizens Jmp reduced their target price on shares of Blackstone from $190.00 to $165.00 and set a "market outperform" rating for the company in a report on Thursday, July 9th. Wells Fargo & Company assumed coverage on shares of Blackstone in a research report on Friday, October 2nd. They set an "equal weight" rating and a $122.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Blackstone from $136.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.65.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone agreed to sell portfolio company ZO Skin Health to Galderma for approximately $1.5 billion in cash. The transaction highlights Blackstone’s ability to realize investments and potentially recycle capital into new opportunities. Blackstone to Sell ZO Skin Health to Galderma for $1.5 Billion
• Positive Sentiment: The ZO Skin Health sale has renewed discussion about Blackstone’s valuation. One analysis estimates the shares could be significantly undervalued if the company can continue generating attractive returns and monetizing portfolio investments. Blackstone Could Be 39% Undervalued As ZO Skin Health Sale Revives Focus
• Neutral Sentiment: UBS maintained a Neutral rating but lowered its price target from $122 to $116, indicating modest potential upside while signaling limited near-term conviction. UBS Lowers Blackstone Price Target
• Negative Sentiment: Blackstone-backed data-center operator AirTrunk reportedly postponed a planned $1.5 billion IPO amid unfavorable market conditions and an AI-related stock selloff. The delay could slow monetization and capital recycling from the investment. Blackstone-Backed AirTrunk Delays IPO
• Negative Sentiment: Reports also identify potential buyback obligations involving Firmus Technologies and confidential arrangements with Nvidia and Blackstone. Depending on the contracts, Blackstone could face financial exposure, although the scale and terms remain unclear. Blackstone Faces Firmus Buyback Risk

Insider Transactions at Blackstone

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $16.40, for a total value of $2,043,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Payne sold 9,500 shares of Blackstone stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $145.23, for a total value of $1,379,685.00. Following the transaction, the chief accounting officer owned 64,448 shares in the company, valued at approximately $9,359,783.04. This represents a 12.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders acquired 1,038,406 shares of company stock valued at $27,205,951 and sold 4,077,276 shares valued at $37,573,644. Insiders own 1.00% of the company's stock.

Blackstone Company Profile

Blackstone Inc is a global alternative asset management firm that provides investment solutions to institutional investors, companies, financial advisers and individual investors. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, the company has developed a broad platform spanning private markets and other alternative investments.

Blackstone's businesses include private equity, real estate, credit and insurance, infrastructure, secondaries and hedge fund solutions. Its investment activities may involve acquiring and managing companies, commercial and residential properties, infrastructure assets, private credit and other investments on behalf of its clients.

The firm serves clients and invests across North America, Europe, Asia-Pacific and other international markets.

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