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Northern Trust (NTRS) Tops Q1 Earnings on High Revenues
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Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
An Earnings Beat
Northern Trust came out with earnings per share of $1.09, beating the Zacks Consensus Estimate of $1.07. A rise in revenues was primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last 7 days.
Moreover, Northern Trust has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.16% in the trailing four quarters.
Northern Trust posted revenues of $1.29 billion, which surpassed the Zacks Consensus Estimate of $1.28 billion. Moreover, it compared favorably with the year-ago number of $1.20 billion.
Key Stats to Note:
Total assets under custody jumped 14% year over year.
Total assets under management increased 11%.
Return on average common equity was 11.6%.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Northern Trust earnings report!
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Northern Trust (NTRS) Tops Q1 Earnings on High Revenues
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:
An Earnings Beat
Northern Trust came out with earnings per share of $1.09, beating the Zacks Consensus Estimate of $1.07. A rise in revenues was primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last 7 days.
Moreover, Northern Trust has a decent earnings surprise history. Before posting earnings beat in Q1, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.16% in the trailing four quarters.
Northern Trust Corporation Price and EPS Surprise
Northern Trust Corporation Price and EPS Surprise | Northern Trust Corporation Quote
Revenue Came In Higher Than Expected
Northern Trust posted revenues of $1.29 billion, which surpassed the Zacks Consensus Estimate of $1.28 billion. Moreover, it compared favorably with the year-ago number of $1.20 billion.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Northern Trust earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere
1 billion iPhones in 10 years but a new breakthrough is expected to generate more
than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may
kick yourself in 2020.
Click here for the 6 trades >>