X
<

How Blackstone Performed in 3Q17

PART:
1 2 3 4 5 6 7 8
How Blackstone Performed in 3Q17 PART 1 OF 8

Why Blackstone Saw Strong Results in 3Q17

Earnings and revenue numbers

The Blackstone Group (BX) reported EPS (earnings per share) of $0.69 in 3Q17, beating analysts’ estimate of $0.54. The company saw strong EPS thanks to strong segmental performance, with strong fund performance and management fee growth.

Why Blackstone Saw Strong Results in 3Q17

Interested in APO? Don't miss the next report.

Receive e-mail alerts for new research on APO

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

The company generated a trailing-12-month return of 12.1% on its assets. Peers (XLF) Apollo Global Management (APO), KKR (KKR), and The Carlyle Group (CG) returned of 20.7%, 7.7%, and 5.1%, respectively.

Blackstone reported total revenue of $1.7 billion in 3Q17, implying a significant rise of 21% YoY (year-over-year), which was due to performance fee growth and well as higher interest income and dividend revenue.

Fee-related earnings and total AUM

Blackstone’s FRE (fee-related earnings) rose 25% YoY to $307 million in 3Q17, mainly due to strong net management fee numbers. In 3Q17, the company’s total assets under management rose 7% YoY to $387.4 billion, mainly due to the strong performance of the company’s funds and organic expansion, as well as fundraising.

X

Please select a profession that best describes you: