We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Northern Trust Corporation (NTRS) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Wall Street analysts forecast that Northern Trust Corporation (NTRS - Free Report) will report quarterly earnings of $1.33 per share in its upcoming release, pointing to a year-over-year decline of 19.4%. It is anticipated that revenues will amount to $1.66 billion, exhibiting an increase of 9.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 12% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Northern Trust Corporation metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Asset Servicing Trust, Investment and Other Servicing Fees- Total' stands at $623.89 million. The estimate indicates a change of +6.1% from the prior-year quarter.
It is projected by analysts that the 'Wealth Management Trust, Investment and Other Servicing Fees- Total' will reach $483.32 million. The estimate suggests a change of +6.4% year over year.
According to the collective judgment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Securities Lending' should come in at $20.43 million. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts expect 'Asset Servicing Trust, Investment and Other Servicing Fees- Other' to come in at $40.91 million. The estimate suggests a change of +6% year over year.
Based on the collective assessment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Custody and Fund Administration' should arrive at $425.39 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Wealth Management Trust, Investment and Other Servicing Fees- Global Family Office' of $91.25 million. The estimate points to a change of +7.9% from the year-ago quarter.
Analysts predict that the 'Asset Servicing Trust, Investment and Other Servicing Fees- Investment Management' will reach $137.11 million. The estimate points to a change of +10.8% from the year-ago quarter.
The average prediction of analysts places 'Average Balance-Total earning assets' at $125.58 billion. The estimate is in contrast to the year-ago figure of $133.79 billion.
Analysts forecast 'Tier 1 Leverage Ratio' to reach 7.9%. Compared to the present estimate, the company reported 7.1% in the same quarter last year.
Analysts' assessment points toward 'Total Nonperforming Assets (Nonaccrual Assets)' reaching $102.09 million. Compared to the current estimate, the company reported $45.90 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Nonaccrual Loans and Leases' will likely reach $101.94 million. The estimate compares to the year-ago value of $45.90 million.
The consensus among analysts is that 'Total Noninterest Income' will reach $1.20 billion. The estimate is in contrast to the year-ago figure of $984.50 million.
Shares of Northern Trust Corporation have experienced a change of -2.9% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), NTRS is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Northern Trust Corporation (NTRS) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Northern Trust Corporation (NTRS - Free Report) will report quarterly earnings of $1.33 per share in its upcoming release, pointing to a year-over-year decline of 19.4%. It is anticipated that revenues will amount to $1.66 billion, exhibiting an increase of 9.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 12% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Northern Trust Corporation metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Asset Servicing Trust, Investment and Other Servicing Fees- Total' stands at $623.89 million. The estimate indicates a change of +6.1% from the prior-year quarter.
It is projected by analysts that the 'Wealth Management Trust, Investment and Other Servicing Fees- Total' will reach $483.32 million. The estimate suggests a change of +6.4% year over year.
According to the collective judgment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Securities Lending' should come in at $20.43 million. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts expect 'Asset Servicing Trust, Investment and Other Servicing Fees- Other' to come in at $40.91 million. The estimate suggests a change of +6% year over year.
Based on the collective assessment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Custody and Fund Administration' should arrive at $425.39 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Wealth Management Trust, Investment and Other Servicing Fees- Global Family Office' of $91.25 million. The estimate points to a change of +7.9% from the year-ago quarter.
Analysts predict that the 'Asset Servicing Trust, Investment and Other Servicing Fees- Investment Management' will reach $137.11 million. The estimate points to a change of +10.8% from the year-ago quarter.
The average prediction of analysts places 'Average Balance-Total earning assets' at $125.58 billion. The estimate is in contrast to the year-ago figure of $133.79 billion.
Analysts forecast 'Tier 1 Leverage Ratio' to reach 7.9%. Compared to the present estimate, the company reported 7.1% in the same quarter last year.
Analysts' assessment points toward 'Total Nonperforming Assets (Nonaccrual Assets)' reaching $102.09 million. Compared to the current estimate, the company reported $45.90 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Nonaccrual Loans and Leases' will likely reach $101.94 million. The estimate compares to the year-ago value of $45.90 million.
The consensus among analysts is that 'Total Noninterest Income' will reach $1.20 billion. The estimate is in contrast to the year-ago figure of $984.50 million.
View all Key Company Metrics for Northern Trust Corporation here>>>
Shares of Northern Trust Corporation have experienced a change of -2.9% in the past month compared to the +3.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), NTRS is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>