Equity Profile

BX

Blackstone Inc.

FinancialsAsset Management & Custody Banks$140.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Blackstone Inc. is a leading global asset management firm that specializes in private equity, real estate, and credit....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge its financial health this quarter.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets managed by Blackstone, which is crucial for understanding its revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BX Q2-2026 Earnings Preview

Context

Company Snapshot

Blackstone Inc. is a leading global asset management firm that specializes in private equity, real estate, and credit. With a market cap of $143 billion, it plays a significant role in the financial sector, particularly in managing investments for institutions and high-net-worth individuals.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

-26.70%

Avg Stock Reaction

-0.60%

Last Quarter Recap

In the last quarter, Blackstone reported an EPS of $0.83, missing estimates by 38%. The stock reacted negatively, dropping 5.70% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are cautious as Blackstone has missed earnings estimates in recent quarters, leading to uncertainty about its performance this time.

Bull Case

If Blackstone can show improved investment performance and better-than-expected EPS, it could regain investor confidence and see a positive stock reaction.

Bear Case

Conversely, if the company continues to miss earnings estimates, it may face further declines in stock price and investor sentiment.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Blackstone's EPS exceed $1.00 this quarter?

Given the recent history of missing estimates, a positive EPS could signal a turnaround in performance.

What is the current status of Blackstone's AUM?

AUM is a critical metric for asset managers, and any significant changes could impact future revenue and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about Blackstone's ability to recover from recent earnings misses, not accounting for potential improvements in investment performance.

Supporting Evidence

Blackstone's historical performance shows that it can rebound after a few quarters of misses.

Options pricing suggests a relatively modest expected move, indicating that the market may not be fully pricing in a potential recovery.

Key Risk

If Blackstone's AUM shows significant growth, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether Blackstone can reverse its trend of earnings misses and demonstrate solid asset management performance.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case and indicate improved profitability.

Bear Confirmed If

An EPS below $0.80 would reinforce the bear case and suggest ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±3.7%

Historical Avg

±3.5%

In line with history

The options market is pricing in a potential move of about 3.7% in either direction following the earnings report.

Options are pricing ±3.7% while BX has averaged ±3.5% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.5%

30d HV

32.7%

Calls (580K)P/C Ratio: 1.25Puts (1.4M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Financials

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Financials in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.7%, with a raw directional average of +0.1% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blackstone beats expectations and raises guidance, history suggests the stock could rise by around 6.27%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting ongoing uncertainty.

Miss

If Blackstone misses again, history suggests a potential decline of about 1.58%, further damaging investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

I-MEJr. Angus S KingSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the performance of key investment funds.
2Details on changes in assets under management.
3Management's outlook on market conditions and investment opportunities.
4Comments on cost management and operational efficiency.
5Insights into client demand and retention rates.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Blackstone Inc. is a leading global asset management firm that specializes in private equity, real estate, and credit....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help investors gauge its financial health this quarter.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets managed by Blackstone, which is crucial for understanding its revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

13%

Avg EPS Surprise

-26.70%

Avg Stock Reaction

-0.60%

Last Quarter Recap

In the last quarter, Blackstone reported an EPS of $0.83, missing estimates by 38%. The stock reacted negatively, dropping 5.70% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are cautious as Blackstone has missed earnings estimates in recent quarters, leading to uncertainty about its performance this time.

Bull Case

If Blackstone can show improved investment performance and better-than-expected EPS, it could regain investor confidence and see a positive stock reaction.

Bear Case

Conversely, if the company continues to miss earnings estimates, it may face further declines in stock price and investor sentiment.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Blackstone's EPS exceed $1.00 this quarter?

Given the recent history of missing estimates, a positive EPS could signal a turnaround in performance.

What is the current status of Blackstone's AUM?

AUM is a critical metric for asset managers, and any significant changes could impact future revenue and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about Blackstone's ability to recover from recent earnings misses, not accounting for potential improvements in investment performance.

Supporting Evidence

Blackstone's historical performance shows that it can rebound after a few quarters of misses.

Options pricing suggests a relatively modest expected move, indicating that the market may not be fully pricing in a potential recovery.

Key Risk

If Blackstone's AUM shows significant growth, it could challenge the current negative sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether Blackstone can reverse its trend of earnings misses and demonstrate solid asset management performance.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case and indicate improved profitability.

Bear Confirmed If

An EPS below $0.80 would reinforce the bear case and suggest ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±3.7%

Historical Avg

±3.5%

In line with history

The options market is pricing in a potential move of about 3.7% in either direction following the earnings report.

Options are pricing ±3.7% while BX has averaged ±3.5% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.5%

30d HV

32.7%

Calls (580K)P/C Ratio: 1.25Puts (1.4M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Financials

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blackstone beats expectations and raises guidance, history suggests the stock could rise by around 6.27%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may react neutrally, reflecting ongoing uncertainty.

Miss

If Blackstone misses again, history suggests a potential decline of about 1.58%, further damaging investor sentiment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

I-MEJr. Angus S KingSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the performance of key investment funds.
2Details on changes in assets under management.
3Management's outlook on market conditions and investment opportunities.
4Comments on cost management and operational efficiency.
5Insights into client demand and retention rates.