Blackstone (BX) Stock Climbs Ahead of Q2 Earnings Results

Blackstone (BX) is scheduled to report earnings on Thursday before the market opens.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Blackstone Group (BX) - Get Report  are up 1.98% to $25.80 ahead of the company's 2016 second quarter earnings report, due out tomorrow before the market opens.

Analysts surveyed by Thomson Reuters are expecting earnings of 39 cents per share on revenue of $1.11 billion.

For the 2015 second quarter, Blackstone reported earnings of 88 cents and revenue of $1.2 billion.

Blackstone recently named venture capitalist Jim Breyer to its board last week, Forbes reports. Breyer led the first major funding round for Facebook (FB) in 2005 and served on the board until 2013.

Blackstone is a New York-based global alternative asset manager.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.

Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, TheStreet Ratings finds weaknesses including deteriorating net income, disappointing return on equity and premium valuation.

You can view the full analysis from the report here: BX

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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