Northern Trust Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Northern Trust Corp (NASDAQ:NTRS) will unveil its latest earnings on Wednesday, January 18, 2012. 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 Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 68 cents per share, a rise of 15.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of $2.64 per share, a decline of 0.4% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 72 cents per share, and the previous quarter, it had net income of 70 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.2% in revenue from the year-earlier quarter to $971.5 million.

Analyst Ratings: Analysts seem relatively indifferent about Northern with 15 of 19 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 9.5% to $170.4 million (70 cents a share) from $155.6 million (64 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.7% to $1.06 billion from $986.2 million.

Key Stats:.

The increase in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit decreases. Net income dropped 23.8% in the second quarter, 3.9% in the first quarter and 21.6% in the fourth quarter of the last fiscal year.

Revenue has gone up for three straight quarters. It rose 0.9% in the second quarter from the year earlier and 2.9% in the first quarter.

Competitors to Watch: State Street Corporation (NYSE:STT), The Bank of New York Mellon Corp. (NYSE:BK), SEI Investments Company (NASDAQ:SEIC), Washington Federal Inc. (NASDAQ:WFSL), Capital One Financial Corp. (NYSE:COF), Marshall & Ilsley Corp. (NYSE:MI), Bank Mutual Corporation (NASDAQ:BKMU), New York Community Bancorp, Inc. (NYSE:NYB), Flagstar Bancorp, Inc. (NYSE:FBC), and People’s United Financial, Inc. (NASDAQ:PBCT).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $5.63 (15.3%) from $36.89 to $42.52. The stock price saw one of its best stretches over the last year between January 4, 2012 and January 12, 2012 when shares rose for seven-straight days, rising 4.7% (+$1.91) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 10.3% (-$3.99) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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