Add as a preferred source on GoogleBlackRock Enters Q3 Earnings With 23.8% EPS Growth Expected
Analysts expect third-quarter revenue to rise 14.1% to $7.43 billion as BlackRock’s Bitcoin ETF posts renewed inflows.
BlackRock is heading into its third-quarter earnings release with analysts expecting double-digit growth in earnings and revenue, while renewed inflows into its spot Bitcoin ETF provide additional market context.
BlackRock is expected to report third-quarter results before the market opens Wednesday. Analysts project earnings per share of $14.30, an increase of 23.8% from the year-earlier period. Revenue is expected to rise 14.1% to $7.43 billion.
The results will provide an update on BlackRock’s performance as investors track growth across its businesses.
BlackRock’s iShares Bitcoin Trust ETF, or IBIT, recorded $22.38 million in net inflows Oct. 9. The move came as U.S. spot Bitcoin ETFs returned to positive territory after combined withdrawals of $729.0 million over the previous two sessions.
The latest ETF activity extends TokenPost’s previous coverage of BlackRock-linked crypto inflows, which tracked estimated growth in the company’s crypto-related holdings during the third quarter.
BlackRock’s earnings report is expected before the market opens Wednesday.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.