State Street (NYSE:STT) is set to give its latest quarterly earnings report on Tuesday, 2024-10-15. Here's what investors need to know before the announcement.
Analysts estimate that State Street will report an earnings per share (EPS) of $2.13.
The announcement from State Street is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Past Earnings Performance
During the last quarter, the company reported an EPS beat by $0.12, leading to a 0.61% increase in the share price on the subsequent day.
Here's a look at State Street's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
2.03
1.50
1.83
1.81
EPS Actual
2.15
1.69
2.04
1.93
Price Change %
1.0%
3.0%
2.0%
-3.0%
State Street Share Price Analysis
Shares of State Street were trading at $89.83 as of October 11. Over the last 52-week period, shares are up 34.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Perspectives on State Street
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on State Street.
Analysts have given State Street a total of 13 ratings, with the consensus rating being Neutral. The average one-year price target is $92.77, ...
