We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Countdown to Northern Trust (NTRS) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
Wall Street analysts expect Northern Trust Corporation (NTRS - Free Report) to post quarterly earnings of $2.86 per share in its upcoming report, which indicates a year-over-year increase of 24.9%. Revenues are expected to be $2.26 billion, up 11.8% from the year-ago quarter.
The current level reflects an upward revision of 0.8% 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Northern Trust metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Wealth Management Trust, Investment and Other Servicing Fees- Global Family Office' will reach $117.58 million. The estimate indicates a change of +15.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Wealth Management Trust, Investment and Other Servicing Fees- Total' of $624.57 million. The estimate indicates a change of +11.8% from the prior-year quarter.
Analysts' assessment points toward 'Asset Servicing Trust, Investment and Other Servicing Fees- Custody and Fund Administration' reaching $531.73 million. The estimate indicates a change of +10.2% from the prior-year quarter.
Analysts predict that the 'Asset Servicing Trust, Investment and Other Servicing Fees- Total' will reach $785.07 million. The estimate indicates a year-over-year change of +11.1%.
According to the collective judgment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Securities Lending' should come in at $27.38 million. The estimate indicates a change of +29.2% from the prior-year quarter.
Analysts forecast 'Asset Servicing Trust, Investment and Other Servicing Fees- Other' to reach $43.94 million. The estimate indicates a change of +1.2% from the prior-year quarter.
The consensus estimate for 'Asset Servicing Trust, Investment and Other Servicing Fees- Investment Management' stands at $182.02 million. The estimate indicates a change of +14.1% from the prior-year quarter.
The average prediction of analysts places 'Tier 1 Leverage Ratio' at 7.4%. The estimate is in contrast to the year-ago figure of 8.0%.
The consensus among analysts is that 'Average Balance - Total earning assets' will reach $149.04 billion. The estimate is in contrast to the year-ago figure of $159.08 billion.
Based on the collective assessment of analysts, 'Nonaccrual Loans and Leases' should arrive at $59.31 million. The estimate compares to the year-ago value of $78.80 million.
Analysts expect 'Total Noninterest Income' to come in at $1.61 billion. Compared to the present estimate, the company reported $1.43 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $657.00 million. Compared to the current estimate, the company reported $590.80 million in the same quarter of the previous year.
Over the past month, shares of Northern Trust have returned -6.5% versus the Zacks S&P 500 composite's +2.4% change. Currently, NTRS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Countdown to Northern Trust (NTRS) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Northern Trust Corporation (NTRS - Free Report) to post quarterly earnings of $2.86 per share in its upcoming report, which indicates a year-over-year increase of 24.9%. Revenues are expected to be $2.26 billion, up 11.8% from the year-ago quarter.
The current level reflects an upward revision of 0.8% 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation 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 a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Northern Trust metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Wealth Management Trust, Investment and Other Servicing Fees- Global Family Office' will reach $117.58 million. The estimate indicates a change of +15.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Wealth Management Trust, Investment and Other Servicing Fees- Total' of $624.57 million. The estimate indicates a change of +11.8% from the prior-year quarter.
Analysts' assessment points toward 'Asset Servicing Trust, Investment and Other Servicing Fees- Custody and Fund Administration' reaching $531.73 million. The estimate indicates a change of +10.2% from the prior-year quarter.
Analysts predict that the 'Asset Servicing Trust, Investment and Other Servicing Fees- Total' will reach $785.07 million. The estimate indicates a year-over-year change of +11.1%.
According to the collective judgment of analysts, 'Asset Servicing Trust, Investment and Other Servicing Fees- Securities Lending' should come in at $27.38 million. The estimate indicates a change of +29.2% from the prior-year quarter.
Analysts forecast 'Asset Servicing Trust, Investment and Other Servicing Fees- Other' to reach $43.94 million. The estimate indicates a change of +1.2% from the prior-year quarter.
The consensus estimate for 'Asset Servicing Trust, Investment and Other Servicing Fees- Investment Management' stands at $182.02 million. The estimate indicates a change of +14.1% from the prior-year quarter.
The average prediction of analysts places 'Tier 1 Leverage Ratio' at 7.4%. The estimate is in contrast to the year-ago figure of 8.0%.
The consensus among analysts is that 'Average Balance - Total earning assets' will reach $149.04 billion. The estimate is in contrast to the year-ago figure of $159.08 billion.
Based on the collective assessment of analysts, 'Nonaccrual Loans and Leases' should arrive at $59.31 million. The estimate compares to the year-ago value of $78.80 million.
Analysts expect 'Total Noninterest Income' to come in at $1.61 billion. Compared to the present estimate, the company reported $1.43 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $657.00 million. Compared to the current estimate, the company reported $590.80 million in the same quarter of the previous year.
View all Key Company Metrics for Northern Trust here>>>Over the past month, shares of Northern Trust have returned -6.5% versus the Zacks S&P 500 composite's +2.4% change. Currently, NTRS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .