How does BX's EPS compare to forecasts in 2024?

Blackstone's (BX) EPS in 2024 was $3.62, which is slightly below the forecasted $3.64. This modest shortfall can be attributed to several factors:

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|BX|BX.N|Blackstone|2024 Q1|909.0909090909091|1.11|169|
|BX|BX.N|Blackstone|2024 Q2|-26.582278481012665|0.58|169|
|BX|BX.N|Blackstone|2024 Q3|39.726027397260275|1.02|169|
|BX|BX.N|Blackstone|2024 Q4|359.99999999999994|0.92|169|

1. **Secured Lending Fund Performance**: Blackstone Secured Lending Fund (BXSL) reported an EPS of $0.84 for Q4 2024, narrowly missing the forecast of $0.85. Despite this slight shortfall, BXSL demonstrated robust financial performance, with a 16% year-over-year increase in total investment income, reaching $49 million. The company's stock price experienced a decline of 1.15% in pre-market trading, reflecting investor reaction to the earnings miss and market conditions.
2. **Revenue Shortfall in BSM**: Black Stone Minerals (BSM) reported revenue that fell short of forecasts, with a reported revenue of $83.73 million compared to the forecasted $114.73 million. However, the company's EPS of $0.18 aligned with analyst expectations. Despite the revenue miss, BSM's stock saw a modest increase, closing at $14.94.

In conclusion, Blackstone's EPS in 2024 was marginally lower than anticipated, primarily due to performance shortfalls in its Secured Lending Fund and Mineral divisions. Despite these misses, the company's overall financial health remains strong, supported by robust investment income growth and consistent dividend payments.