BlackRock, Inc. (BLK - Get Report) is expected to report net income of $1 billion, or $6.50 a share, on sales of $3.6 billion before the market opens on Friday, based on a FactSet survey of 13 analysts.
In the same period a year ago, the company posted earnings of $6.66 a share on sales of $3.6 billion. It reported net income of $1.1 billion.
The stock has risen 1% since the company last reported earnings on Apr. 16.
Quarterly estimates have fallen 33.1 cents a share in the past month.
BlackRock is currently trading at a price-to-forward-earnings ratio of 16.2 based on the 12-month estimates of 14 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $1.1 billion, or $7.12 a share, on sales of $3.7 billion.
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