Northern Trust Corp reports results for the quarter ended in September 30 - Earnings Summary
Northern Trust Corp NTRS.OQ reported quarterly adjusted earnings of $1.97 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.49. The mean expectation of fifteen analysts for the quarter was for earnings of $1.74 per share. Wall Street expected results to range from $1.68 to $1.79 per share.
Revenue rose 56.5% to $2.72 billion from a year ago; analysts expected $1.88 billion.
Northern Trust Corp's reported EPS for the quarter was $2.22.
The company reported quarterly net income of $448.7 million.
Northern Trust Corp shares had risen by 6.4% this quarter and gained 13.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.7% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell."
The average consensus recommendation for the investment management & fund operators peer group is also "hold"
Wall Street's median 12-month price target for Northern Trust Corp is 100.00
This summary was machine generated from LSEG data October 24 at 02:57 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 1.74 | 1.97 | Beat |
Jun. 30 2024 | 1.91 | 1.78 | Missed |
Mar. 31 2024 | 1.44 | 1.69 | Beat |
Dec. 31 2023 | 1.21 | 1.46 | Beat |
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