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Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q3 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 $1.20, beating the Zacks Consensus Estimate of $1.12.
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 bearish trend prior to the earnings release. The Zacks Consensus Estimate declined 1.8% over the last 30 days.
Northern Trust doesn’t have decent earnings surprise history. Before posting earnings beat in Q3, the company delivered positive surprises in one of the prior four quarters.
Northern Trust posted revenues of $1.36 billion, which was above the Zacks Consensus Estimate of $1.35 billion. Moreover, it compared favorably with the year-ago number of $1.22 billion.
Key Stats to Note:
Total assets under custody jumped 16% year over year
Total assets under management surged 19%.
Return on average common equity was 12.2%
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Northern Trust (NTRS) Q3 Earnings & Revenues Beat Estimates
Have you been eager to see how Northern Trust Corporation (NTRS - Free Report) performed in Q3 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 $1.20, beating the Zacks Consensus Estimate of $1.12.
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 bearish trend prior to the earnings release. The Zacks Consensus Estimate declined 1.8% over the last 30 days.
Northern Trust doesn’t have decent earnings surprise history. Before posting earnings beat in Q3, the company delivered positive surprises in one of the prior 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 $1.36 billion, which was above the Zacks Consensus Estimate of $1.35 billion. Moreover, it compared favorably with the year-ago number of $1.22 billion.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>