Blue Owl Capital is projected to report consensus revenue of $694.65 million and adjusted EPS of $0.21 for the second quarter, with the stock trading at $9.74, well below the average analyst price target of $13.21.
Investors are primarily focused on the growth of Fee-Related Earnings (FRE), which serves as the core metric for the firm's valuation and its permanent capital-heavy business model.
Recent performance has been supported by the firm’s rapid expansion in private credit and real assets, which pushed total assets under management to $315 billion as of the first quarter of 2026.
Market participants are also looking for management to reaffirm its 58.5% FRE margin guidance, reflecting the firm's continued ability to scale its platform efficiently despite broader macroeconomic volatility.