S&P 500 (NYSE:SPY) component Northern Trust (NASDAQ:NTRS) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. Northern Trust is a financial holding company that provides investment management, asset and fund administration, and banking solutions for corporations, institutions, and affluent individuals.
Northern Trust Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 75 cents per share, a rise of 7.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 78 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 76 cents during the last month. For the year, analysts are projecting net income of $2.88 per share, a rise of 5.9% from last year.
Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at profit of 73 cents per share against an estimate of net income of. In the second quarter, the company also missed expectations.
A Look Back: In the third quarter, profit rose 4.9% to $178.8 million (73 cents a share) from $170.4 million (70 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 1.1% to $1.05 billion from $1.06 billion.
Here’s how Northern Trust traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: