State Street Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component State Street Corp (NYSE:STT) will unveil its latest earnings on Wednesday, January 18, 2012. State Street provides a range of investment management strategies, investment management advisory services and other financial services.

State Street Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 94 cents per share, a rise of 8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 89 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 94 cents during the last month. Analysts are projecting profit to rise by 9.7% versus last year to $3.74.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 96 cents per share against a mean estimate of profit of 88 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.4 billion in revenue this quarter, a rise of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $9.65 billion for the year, a rise of 10.8% from last year’s revenue of $8.71 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 1.6% to $555 million ($1.10 a share) from $546 million ($1.08 a share) the year earlier, exceeding analyst expectations. Revenue rose 4.7% to $2.61 billion from $2.49 billion.

Key Stats:.

A year-over-year revenue increase in the third quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 34.4% in the second quarter and 7.3% in the first quarter.

While the company has been profitable for the last eight quarters, income has fallen year over year by an average of 16.9% over the past four quarters. The quarter hit the hardest was the fourth quarter of the last fiscal year, that saw an 83.3% drop.

Competitors to Watch: The Bank of New York Mellon Corp. (NYSE:BK), Northern Trust Corporation (NASDAQ:NTRS), Citigroup Inc. (NYSE:C), SEI Investments Company (NASDAQ:SEIC), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), Barclays PLC (NYSE:BCS), FXCM Inc (NYSE:FXCM), and Morgan Stanley (NYSE:MS).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $9.89 (29.3%) from $33.72 to $43.61. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 10.2% (-$3.48) over that span. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 23, 2011 when shares rose for five-straight days, rising 6% (+$2.35) over that span.

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

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