Can BX maintain its EPS momentum in Q1 2025?

**Blackstone's Q1 2025 EPS Momentum Outlook is Mixed**: 1. **Challenging Q1 Performance Expected**: - Blackstone's gross realization figures for Q1 2025 indicate a significant decline compared to expectations. - The company's distributable EPS for Q1 2025 is estimated to be lower than the previous quarter, reflecting reduced realized performance revenues. 2. **Analyst Sentiments and Potential Upside**: - Despite the anticipated decline in Q1 2025 EPS, analysts at TD Cowen maintain a Buy rating with a price target of $233.00, suggesting confidence in long-term recovery. - Goldman Sachs holds a Neutral rating with a target of $160.00, indicating a more cautious stance but also acknowledging strong financial health metrics. 3. **Strategic Position and Growth Prospects**: - Blackstone's strategic direction, particularly in asset gathering and fee-related earnings margins, is seen as positive. - The company's asset under management (AUM) reached a record $1.13 trillion, which could support EPS growth if realized performance improves. 4. **Transitory Earnings Pressure**: - The decline in Q1 2025 realizations is seen as a temporary setback by analysts, with expectations of increased momentum in the second half of the year. - The firm's strong financial health and historical performance suggest that Q1 2025 could represent a bottoming out of earnings, with potential for rebound. In conclusion, while Blackstone's Q1 2025 EPS is likely to be impacted by the recent decline in realizations, the company's strong AUM, strategic positioning, and analyst sentiments suggest that it is well-positioned for potential recovery and growth in the coming months.