State Street (STT) Expected to Report 9.2% EPS Growth in Q4 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
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Source: seekingalpha
- Earnings Expectations: State Street is expected to report an EPS of $2.84 on January 16, reflecting a 9.2% year-over-year growth, indicating the company's stable performance in strong financial markets.
- Revenue Forecast: The revenue estimate for Q4 stands at $3.62 billion, representing a 6.2% year-over-year increase, showcasing the company's ongoing growth potential despite economic uncertainties.
- Historical Performance: Over the past two years, State Street has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, demonstrating strong financial management and boosting investor confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen 7 upward revisions and 4 downward revisions, while revenue estimates have experienced 9 upward revisions with no downward adjustments, reflecting analysts' optimistic outlook on the company's future performance.
Analyst Views on STT
Wall Street analysts forecast STT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for STT is 131.38 USD with a low forecast of 113.00 USD and a high forecast of 165.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
2 Hold
1 Sell
Moderate Buy
Current: 134.720
Low
113.00
Averages
131.38
High
165.00
Current: 134.720
Low
113.00
Averages
131.38
High
165.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
