Blackstone (BX) to Report Q1 Earnings: What's in Store?

The Blackstone Group L.P. BXis scheduled to report first-quarter 2018 results before the opening bell on Apr 19. While the company’s asset under management (AUM) growth is expected to remain strong in the quarter, its revenues and earnings are projected to decline on a year-over-year basis.

Last quarter, the company’s economic net income surpassed the Zacks Consensus Estimate.

Higher revenues and growth in AUM were partially offset by rise in expenses.

Notably, Blackstone boasts an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 10.2%.