Equity Profile

BX

Blackstone Inc.

FinancialsAsset Management & Custody Banks$149.1B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Blackstone Inc. is a leading global investment firm specializing in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Blackstone is managing its investments.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blackstone manages, 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 investment firm specializing in asset management and custody banking. With a market cap of $149 billion, it plays a significant role in the financial sector, focusing on alternative investments and real estate, which can be influenced by economic trends and consumer spending patterns.

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 Q1 2026, 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

Investors are cautious ahead of Blackstone's earnings report, especially after recent misses in EPS estimates. The lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Blackstone can demonstrate improved investment performance and manage costs effectively, it could surprise positively and regain investor confidence.

Bear Case

Continued misses on earnings and revenue could lead to further declines in stock price, as investors may lose faith in management's ability to deliver results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant misses in the past quarters, the EPS figure will be critical in assessing whether Blackstone is on a recovery path.

How has the AUM changed compared to the previous quarter?

Changes in AUM can indicate the firm's ability to attract new investments and manage existing ones, which is vital for future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Blackstone's potential for a rebound, especially if AUM shows significant growth.

Supporting Evidence

Recent trends in alternative investments suggest a recovery in demand, which could positively impact Blackstone's AUM.

The options market is pricing a modest move, indicating that many investors may be overly cautious.

Key Risk

If AUM growth exceeds expectations, it could significantly alter investor sentiment and lead to a stock price increase.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it follows several disappointing earnings reports, and investors are looking for signs of improvement.

Bull Confirmed If

An EPS of $1.00 or higher would signal a strong recovery and boost investor confidence.

Bear Confirmed If

An EPS below $0.80 would confirm ongoing struggles and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±3.7%

Historical Avg

±3.5%

In line with history

The options market is pricing in a move of approximately 3.7% around the earnings report, indicating uncertainty among investors.

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, history suggests a potential stock increase of around 6.27%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting ongoing caution among investors.

Miss

A miss could lead to a decline of about 1.58%, reinforcing negative sentiment and concerns about management's performance.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

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 changes in Assets Under Management (AUM).
2Details on investment performance across key sectors.
3Management's outlook on market conditions and future growth.
4Insights into cost management strategies and operational efficiency.
5Any commentary on new investment opportunities or strategies.

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 investment firm specializing in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Blackstone is managing its investments.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blackstone manages, 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 Q1 2026, 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

Investors are cautious ahead of Blackstone's earnings report, especially after recent misses in EPS estimates. The lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Blackstone can demonstrate improved investment performance and manage costs effectively, it could surprise positively and regain investor confidence.

Bear Case

Continued misses on earnings and revenue could lead to further declines in stock price, as investors may lose faith in management's ability to deliver results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant misses in the past quarters, the EPS figure will be critical in assessing whether Blackstone is on a recovery path.

How has the AUM changed compared to the previous quarter?

Changes in AUM can indicate the firm's ability to attract new investments and manage existing ones, which is vital for future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Blackstone's potential for a rebound, especially if AUM shows significant growth.

Supporting Evidence

Recent trends in alternative investments suggest a recovery in demand, which could positively impact Blackstone's AUM.

The options market is pricing a modest move, indicating that many investors may be overly cautious.

Key Risk

If AUM growth exceeds expectations, it could significantly alter investor sentiment and lead to a stock price increase.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it follows several disappointing earnings reports, and investors are looking for signs of improvement.

Bull Confirmed If

An EPS of $1.00 or higher would signal a strong recovery and boost investor confidence.

Bear Confirmed If

An EPS below $0.80 would confirm ongoing struggles and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±3.7%

Historical Avg

±3.5%

In line with history

The options market is pricing in a move of approximately 3.7% around the earnings report, indicating uncertainty among investors.

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, history suggests a potential stock increase of around 6.27%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting ongoing caution among investors.

Miss

A miss could lead to a decline of about 1.58%, reinforcing negative sentiment and concerns about management's performance.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

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 changes in Assets Under Management (AUM).
2Details on investment performance across key sectors.
3Management's outlook on market conditions and future growth.
4Insights into cost management strategies and operational efficiency.
5Any commentary on new investment opportunities or strategies.