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Ahead of State Street (STT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that State Street Corporation (STT - Free Report) will announce quarterly earnings of $3.63 per share in its forthcoming report, representing an increase of 30.6% year over year. Revenues are projected to reach $4.04 billion, increasing 14% from the same quarter last year.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific State Street metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Basel III Advanced Approaches - Tier 1 Leverage Ratio' will reach 5.3%. The estimate is in contrast to the year-ago figure of 5.6%.
The combined assessment of analysts suggests that 'Average balance - Total interest-earning assets' will likely reach $305.35 billion. Compared to the present estimate, the company reported $295.46 billion in the same quarter last year.
The consensus estimate for 'Basel III Standardized Approach - Tier 1 capital ratio' stands at 13.4%. The estimate is in contrast to the year-ago figure of 13.9%.
The average prediction of analysts places 'Assets under Management (AUM)' at $6375.31 billion. The estimate is in contrast to the year-ago figure of $5446.00 billion.
Analysts expect 'Net Interest Income' to come in at $857.91 million. The estimate is in contrast to the year-ago figure of $715.00 million.
Analysts forecast 'Total fee and other revenue' to reach $3.20 billion. Compared to the current estimate, the company reported $2.83 billion in the same quarter of the previous year.
According to the collective judgment of analysts, 'Net Interest Income - fully taxable-equivalent basis' should come in at $857.91 million. The estimate is in contrast to the year-ago figure of $716.00 million.
The collective assessment of analysts points to an estimated 'Software services' of $170.68 million. Compared to the current estimate, the company reported $227.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Other fee revenue' will reach $112.65 million. The estimate is in contrast to the year-ago figure of $79.00 million.
Based on the collective assessment of analysts, 'Management fees' should arrive at $811.83 million. The estimate is in contrast to the year-ago figure of $612.00 million.
It is projected by analysts that the 'Servicing fees' will reach $1.52 billion. The estimate is in contrast to the year-ago figure of $1.36 billion.
Analysts' assessment points toward 'Foreign exchange trading services' reaching $443.37 million. The estimate compares to the year-ago value of $416.00 million.
Shares of State Street have experienced a change of -8.5% in the past month compared to the +1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), STT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of State Street (STT) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Analysts on Wall Street project that State Street Corporation (STT - Free Report) will announce quarterly earnings of $3.63 per share in its forthcoming report, representing an increase of 30.6% year over year. Revenues are projected to reach $4.04 billion, increasing 14% from the same quarter last year.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific State Street metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Basel III Advanced Approaches - Tier 1 Leverage Ratio' will reach 5.3%. The estimate is in contrast to the year-ago figure of 5.6%.
The combined assessment of analysts suggests that 'Average balance - Total interest-earning assets' will likely reach $305.35 billion. Compared to the present estimate, the company reported $295.46 billion in the same quarter last year.
The consensus estimate for 'Basel III Standardized Approach - Tier 1 capital ratio' stands at 13.4%. The estimate is in contrast to the year-ago figure of 13.9%.
The average prediction of analysts places 'Assets under Management (AUM)' at $6375.31 billion. The estimate is in contrast to the year-ago figure of $5446.00 billion.
Analysts expect 'Net Interest Income' to come in at $857.91 million. The estimate is in contrast to the year-ago figure of $715.00 million.
Analysts forecast 'Total fee and other revenue' to reach $3.20 billion. Compared to the current estimate, the company reported $2.83 billion in the same quarter of the previous year.
According to the collective judgment of analysts, 'Net Interest Income - fully taxable-equivalent basis' should come in at $857.91 million. The estimate is in contrast to the year-ago figure of $716.00 million.
The collective assessment of analysts points to an estimated 'Software services' of $170.68 million. Compared to the current estimate, the company reported $227.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Other fee revenue' will reach $112.65 million. The estimate is in contrast to the year-ago figure of $79.00 million.
Based on the collective assessment of analysts, 'Management fees' should arrive at $811.83 million. The estimate is in contrast to the year-ago figure of $612.00 million.
It is projected by analysts that the 'Servicing fees' will reach $1.52 billion. The estimate is in contrast to the year-ago figure of $1.36 billion.
Analysts' assessment points toward 'Foreign exchange trading services' reaching $443.37 million. The estimate compares to the year-ago value of $416.00 million.
View all Key Company Metrics for State Street here>>>Shares of State Street have experienced a change of -8.5% in the past month compared to the +1.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), STT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .