BlackRock Earnings Call Analysis: BLK Analysis to Kick Off the Unofficial Start of Earnings Season

Today was the unofficial start to earnings season. What stood out in Amenity Viewer from the calls this morning? Let's explore with BlackRock.

Please note: This in no way represents investment advice. All transcript text provided by S&P Global Market Intelligence.

We Saw a Significant Downtick at BlackRock, With an Amenity Score of 0 vs 31 Last Quarter

‍

‍

With Amenity Viewer, we go beyond the score to understand the underlying drivers of the weakness.

A quick dive into the Key Drivers in the transcript itself revealed several headwinds

"We also saw accelerated de-risking by many clients in an environment marked by continuing trade tensions, a further slowdown in emerging markets and the steepening yield curve."

"Cyclical and secular headwinds impacting today's asset management business."

"Political instability in certain markets is increasing."

"Emerging markets and commodities remain under pressure."

"Investors worldwide are taking a defensive posture highlighted by the market volatility we saw last week."

"Asset management industry flows overall has slowed considerably."

It's never all negative. The offsets were highlighted by: data solutions, ETFs, and ESG

"Overall demand remains strong for our full range of technology solutions."

"Global iShares generated quarterly net inflows of $34 billion, driven by continued strong demand from long-term investors in our core franchise."

"Demand has risen (for fixed income ETFs) as investors gain more confidence in their benefits and simplicity"

"Sustainable investing for ESG is another area where an increasing demand from clients globally, coupled with BlackRock's investment in technology expertise is driving large-scale momentum."

‍

Join the Amenity Viewer Beta Program today to analyze earnings call transcriptions and enable you to spot outliers, identify critical insights, and understand key drivers.

‍

Investment Management

Earnings Sentiment

Finance

February 15, 2019

SEC Filing Analysis: What Chased the Oracle of Omaha out of Oracle?

The latest 13-F SEC filing from Berkshire Hathaway indicated the company had sold its $2.1B holding in Oracle which was only established the previous quarter. For answers we used our text analytics platform to look back at the last two earnings call transcripts, and uncovered one hot button issue that may be the culprit.

February 12, 2019

The Downside of Tax Code Changes: Who Could be Vulnerable to Smaller Refund Checks?

We measure what refund impacts the 2018 Tax Cuts and Jobs Act might have on consumer spending by using our NLP platform to review earnings from the last tax refund delay of 2017. A query of earnings sentiment featuring the phrase "tax refund delay" reveals which companies might also be impacted in 1Q 2019.

February 6, 2019

Emerson Earnings Analysis: A Sign of China Improvement Overall?

Emerson's FY1Q revenue missed consensus estimates, but our NLP analysis uncovered a clear uptick on China, and a positive skew in forward-looking commentary which mirros similar sentiment in the Industrials sector. The data suggests China could be improving overall.

February 1, 2019

Amenity Forecast Index: Marginal Improvement From the Lows

Our weekly Forecast Index update reveals forward-looking commentary improving from 12-month lows, China reaches status quo, and Industrials continue to provide positives.