Equity Profile

BX

Blackstone Inc.

FinancialsAsset Management & Custody Banks$112.1B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Blackstone Inc. (BX) 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 managed by Blackstone, indicating growth and investor confidence.

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. (BX) is a leading global investment firm specializing in asset management and custody banking. With a market cap of $112 billion, it plays a crucial role in managing investments across various sectors, including real estate, private equity, and credit. As the financial landscape evolves, Blackstone's performance is closely tied to market trends and investor sentiment.

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, which was significantly lower than the expected $1.35, leading to a 5.7% drop in stock price the following day. The company continues to face challenges in meeting earnings expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Blackstone's upcoming earnings report, hoping for a recovery in EPS after recent misses. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Blackstone can exceed EPS expectations and show strong revenue growth, it could signal a turnaround in performance and boost investor confidence.

Bear Case

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

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent trend of missing EPS estimates, this number will be crucial in determining market sentiment and stock performance.

How has AUM changed in the last quarter?

A significant change in AUM could indicate shifts in investor confidence and the effectiveness of Blackstone's investment strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Blackstone's ability to recover from recent earnings misses, as the company has historically shown resilience in challenging markets.

Supporting Evidence

Despite recent misses, Blackstone has a strong track record of managing assets effectively, which could lead to a rebound.

Options pricing suggests a moderate move, indicating that investors are not fully pricing in the potential for a positive surprise.

Key Risk

If AUM growth exceeds expectations, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Blackstone can stabilize its earnings after a series of disappointing results.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.80 would reinforce the bear case and suggest ongoing challenges in meeting investor expectations.

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, 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 narrative.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may remain volatile as investors reassess their outlook.

Miss

Should the company miss again, history indicates a likely decline of about 1.58%, further eroding investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on changes in Assets Under Management (AUM) and what that means for future revenue.
2Management's outlook on market conditions and how they plan to navigate potential challenges.
3Insights into the performance of specific investment segments, such as real estate or private equity.
4Any commentary on cost management and operational efficiencies that could improve profitability.
5Future guidance on expected EPS and revenue growth for the remainder of the year.

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. (BX) 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 managed by Blackstone, indicating growth and investor confidence.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Blackstone can exceed EPS expectations and show strong revenue growth, it could signal a turnaround in performance and boost investor confidence.

Bear Case

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

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent trend of missing EPS estimates, this number will be crucial in determining market sentiment and stock performance.

How has AUM changed in the last quarter?

A significant change in AUM could indicate shifts in investor confidence and the effectiveness of Blackstone's investment strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Blackstone's ability to recover from recent earnings misses, as the company has historically shown resilience in challenging markets.

Supporting Evidence

Despite recent misses, Blackstone has a strong track record of managing assets effectively, which could lead to a rebound.

Options pricing suggests a moderate move, indicating that investors are not fully pricing in the potential for a positive surprise.

Key Risk

If AUM growth exceeds expectations, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Blackstone can stabilize its earnings after a series of disappointing results.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.80 would reinforce the bear case and suggest ongoing challenges in meeting investor expectations.

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, 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 narrative.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may remain volatile as investors reassess their outlook.

Miss

Should the company miss again, history indicates a likely decline of about 1.58%, further eroding investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on changes in Assets Under Management (AUM) and what that means for future revenue.
2Management's outlook on market conditions and how they plan to navigate potential challenges.
3Insights into the performance of specific investment segments, such as real estate or private equity.
4Any commentary on cost management and operational efficiencies that could improve profitability.
5Future guidance on expected EPS and revenue growth for the remainder of the year.