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Although the revenue and EPS for Blackstone Inc. (BX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
An increase in revenues and higher AUM balance support BX's Q4 earnings.
Blackstone Inc. (BX) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.11 per share a year ago.
Solid inflows and a substantial jump in profits from deal exits are expected to have supported Blackstone's Q4 earnings.
LOUDOUN COUNTY, Va. & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Blackstone Energy Transition Partners (“Blackstone”) have agreed to acquire Potomac Energy Center (“Potomac”), a 774-megawatt natural gas power plant in Loudoun County, Virginia. The transaction represents Blackstone's most recent investment in the power infrastructure supporting data centers and AI revolution – one of the firm's highest-conviction areas. The Northern Virginia region currently represents.
BGX's dual long-short strategy and diversified portfolio make it a reliable income source, despite its slightly lower yield compared to peers. Rate cuts will impact BGX's profitability, but its leverage and spread on loans should mitigate the effects, maintaining stable distributions. Selling BGX shares now is premature; waiting until later in the year when the stock value increases is advisable.
Blackstone Inc. (BX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Smartsheet is a private company again.
BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone (“Blackstone”) and Vista Equity Partners (“Vista”) in a transaction valued at approximately $8.4 billion. The transaction was previously announced on September 24, 2024, and approved by Smartsheet stockholders on December 9, 2024. With the completion of the take private transaction, Smartsheet stockholders are e.
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