State Street Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component State Street (NYSE:STT) will unveil its latest earnings tomorrow, Friday, January 18, 2013. State Street provides a range of investment management strategies, investment management advisory services and other financial services.

State Street Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1 per share, a rise of 7.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.02. Between one and three months ago, the average estimate moved down. It also has dropped from $1.01 during the last month. Analysts are projecting profit to rise by 3.2% compared to last year’s $3.85.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 99 cents per share against a mean estimate of profit of 96 cents, and the quarter before, the company exceeded forecasts by 2 cents with net income of $1.01 versus a mean estimate of profit of 99 cents.

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A Look Back: In the third quarter, profit rose 21.4% to $674 million ($1.36 a share) from $555 million ($1.10 a share) the year earlier, exceeding analyst expectations. Revenue fell 5.4% to $2.47 billion from $2.61 billion.

Here’s how State Street traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: