Financial services company Northern Trust (NASDAQ: NTRS) will be reporting results this Wednesday before market open. Here’s what to expect.
Northern Trust beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $2.00 billion, down 26.4% year on year. It was a strong quarter for the company, with and a decent beat of analysts’ revenue estimates.
Is Northern Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Northern Trust’s revenue to grow 2.8% year on year to $2.02 billion, slowing from the 14% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Northern Trust has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Northern Trust’s peers in the custody bank segment, some have already reported their Q3 results, giving us a hint as to what we can expect. BNY delivered year-on-year revenue growth of 9.3%, beating analysts’ expectations by 2.4%, and State Street reported revenues up 8.8%, topping estimates by 2.3%. BNY traded down 2.8% following the results while State Street was up 2%.
Read our full analysis of BNY’s results here and State Street’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the custody bank stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.9% on average over the last month. Northern Trust is down 4.2% during the same time and is heading into earnings with an average analyst price target of $134.71 (compared to the current share price of $126.28).
P.S. While everyone's chasing Nvidia, we found a hidden AI semiconductor winner trading at a fraction of the price. See our #1 pick before Wall Street catches on.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
