Back to top

Image: Bigstock

Northern Trust (NTRS) Q1 Earnings & Revenue Beat Estimates

Read MoreHide Full Article

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 $1.48, outpacing the Zacks Consensus Estimate of $1.46. Higher revenues were primarily responsible for the improvement.

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 seven days.

Moreover, Northern Trust has an impressive earnings surprise history. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 7.33% in the trailing four quarters.

Revenue Came In Higher Than Expected

Northern Trust posted revenues of $1.49 billion, outpacing the Zacks Consensus Estimate of $1.46 billion. Further, it improved slightly on a year-over-year basis.

Key Stats to Note:


  • Total assets under custody increased 1% year over year.
  • Total assets under management decreased slightly.
  • Return on average common equity was 14%.

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) 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!

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.

See 7 breakthrough stocks now>>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Northern Trust Corporation (NTRS) - free report >>