What caused BX's Q3 2024 EPS to outperform?
3/29/2025 02:40pm
Blackstone's Q3 2024 EPS outperformance can be attributed to **Revenue from Realization Activities**:
|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|BX|BX.N|Blackstone|2023 Q4|0.15|0.2|169|
|BX|BX.N|Blackstone|2024 Q1|0.01|1.11|169|
|BX|BX.N|Blackstone|2024 Q2|-0.02|0.58|169|
|BX|BX.N|Blackstone|2024 Q3|0.03|1.02|169|
According to the company's preliminary estimate, revenues from realization activities were in excess of $300 million between July 1 and September 24, 2024. This figure consists of 85% of realized performance revenues and 15% of realized principal investment income. The estimated figure is based on closed investment realizations and does not represent the total quarter’s results, which may differ significantly when accounting for other income sources and possible gains or losses by quarter-end.