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 investment firm that specializes in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

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

Not available

Assets Under Management (AUM)

AUM reflects the scale of Blackstone's operations and its ability to generate revenue from management fees.

Not available

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 that specializes in asset management and custody banking. With a market cap of $140 billion, it plays a significant role in the financial sector, influencing investment trends and capital flows.

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, significantly below the expected $1.35, leading to a 5.7% drop in stock price the following day. This trend of missing earnings expectations has raised concerns among investors.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are cautious as Blackstone has consistently missed earnings estimates in recent quarters. Investors are looking for signs of improvement in profitability and growth.

Bull Case

If Blackstone can demonstrate a rebound in EPS and strong investment performance, it could restore investor confidence and drive the stock price higher.

Bear Case

Continued misses on earnings and weak performance could lead to further declines in stock price, as investors may lose faith in the company's ability to generate returns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the recent trend of missing EPS estimates, the market will closely watch this figure to gauge Blackstone's recovery.

How has the performance of Blackstone's investments changed?

Investors need clarity on investment performance to understand potential future revenue and growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blackstone's ability to rebound, given its historical performance trends and potential for improved investment returns.

Supporting Evidence

Blackstone has a history of recovering from earnings misses, suggesting potential for a strong comeback.

Options pricing indicates a moderate move, which may not fully reflect the potential for a positive surprise.

Key Risk

If investment performance shows significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether Blackstone can turn around its recent performance and meet or exceed earnings expectations.

Bull Confirmed If

An EPS of $1.00 or higher would indicate a strong recovery and could confirm the bull case.

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%, indicating uncertainty around the upcoming 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blackstone beats expectations, history suggests a potential 6.3% increase in stock price, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing investor skepticism.

Miss

A miss could lead to a decline of around 1.6%, as seen in past quarters, further eroding investor confidence.

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 segments.
2Management's outlook on future earnings and growth strategies.
3Details on any changes in assets under management.
4Insights into market conditions affecting investment performance.
5Comments on cost management and operational efficiencies.

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 that specializes in asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

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

Not available

Assets Under Management (AUM)

AUM reflects the scale of Blackstone's operations and its ability to generate revenue from management fees.

Not available

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are cautious as Blackstone has consistently missed earnings estimates in recent quarters. Investors are looking for signs of improvement in profitability and growth.

Bull Case

If Blackstone can demonstrate a rebound in EPS and strong investment performance, it could restore investor confidence and drive the stock price higher.

Bear Case

Continued misses on earnings and weak performance could lead to further declines in stock price, as investors may lose faith in the company's ability to generate returns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given the recent trend of missing EPS estimates, the market will closely watch this figure to gauge Blackstone's recovery.

How has the performance of Blackstone's investments changed?

Investors need clarity on investment performance to understand potential future revenue and growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blackstone's ability to rebound, given its historical performance trends and potential for improved investment returns.

Supporting Evidence

Blackstone has a history of recovering from earnings misses, suggesting potential for a strong comeback.

Options pricing indicates a moderate move, which may not fully reflect the potential for a positive surprise.

Key Risk

If investment performance shows significant improvement, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around whether Blackstone can turn around its recent performance and meet or exceed earnings expectations.

Bull Confirmed If

An EPS of $1.00 or higher would indicate a strong recovery and could confirm the bull case.

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%, indicating uncertainty around the upcoming 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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blackstone beats expectations, history suggests a potential 6.3% increase in stock price, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting ongoing investor skepticism.

Miss

A miss could lead to a decline of around 1.6%, as seen in past quarters, further eroding investor confidence.

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 segments.
2Management's outlook on future earnings and growth strategies.
3Details on any changes in assets under management.
4Insights into market conditions affecting investment performance.
5Comments on cost management and operational efficiencies.