Compared to Estimates, Blackstone Secured Lending Fund (BXSL) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2024, Blackstone Secured Lending Fund (BXSL) reported revenue of $343 million, up 20.8% over the same period last year. EPS came in at $0.91, compared to $0.95 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $334.1 million, representing a surprise of +2.67%. The company delivered an EPS surprise of +1.11%, with the consensus EPS estimate being $0.90.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Blackstone Secured Lending Fund performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Fee income: $0.51 million compared to the $0.83 million average estimate based on three analysts. Interest income: $321.49 million compared to the $304.39 million average estimate based on two analysts. Payment-in-kind interest income: $21.21 million compared to the $21.25 million average estimate based on two analysts. View all Key Company Metrics for Blackstone Secured Lending Fund here>>>Shares of Blackstone Secured Lending Fund have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Secured Lending Fund (BXSL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks