What to Expect from Blackstone in the Second Quarter
In the second quarter, The Blackstone Group (BX) is expected to witness a decline in deployments compared to the first quarter—primarily because of higher valuations that reduce deployment opportunities. Fewer deployments would, in turn, lead to a rise in available capital for investments, which might concern investors. According to Wall Street analysts, Blackstone is expected to report earnings per share or EPS of $0.73 in the second quarter, which represents a rise sequentially as well as year-over-year or YoY. Blackstone is expected to report revenues amounting to $1.73 billion in the second quarter, reflecting an increase from the same period of the prior year.