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A Look Ahead: Northern Trust's Earnings Forecast

Northern Trust (NASDAQ:NTRS) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Northern Trust will report an earnings per share (EPS) of $1.74.

Anticipation surrounds Northern Trust's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

Last quarter the company missed EPS by $0.12, which was followed by a 0.08% increase in the share price the next day.

Here's a look at Northern Trust's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.90

1.44

1.21

1.47

EPS Actual

1.78

1.70

1.46

1.49

Price Change %

0.0%

2.0%

0.0%

-1.0%

Tracking Northern Trust's Stock Performance

Shares of Northern Trust were trading at $95.76 as of October 21. Over the last 52-week period, shares are up 50.64%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Northern Trust

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Northern Trust.

The consensus rating for Northern Trust is Neutral, based on 6 analyst ratings. With an average one-year price target ...