For the current quarter, the 18.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.05 a share, which would compare with $1.01 in the same quarter last year. They have a high estimate of $1.11 and a low estimate of $0.98. Revenue for the period is expected to total nearly $1.22B from $1.26B the year-ago period.
For the full year, 19.00 Wall Street analysts forecast this company would deliver earnings of 4.22 per share, with a high estimate of $4.43 and a low estimate of $4.06. It had reported earnings per share of $3.90 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $4.89B versus 4.70B in the preceding year.
The analysts project the company to maintain annual growth of around 12.24% percent over the next five years as compared to an average growth rate of 10.61% percent expected for its competitors in the same industry.
Among the 19 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for NTRS is $74.24 but some analysts are projecting the price to go as high as $83.00. If the optimistic analysts are correct, that represents a 15 percent upside potential from the recent closing price of $71.87. Some sell-side analysts, particularly the bearish ones, have called for $66.00 price targets on shares of Northern Trust Corporation (NASDAQ:NTRS) .
In the last reported results, the company reported earnings of $1.01 per share, while analysts were calling for share earnings of $0.96. It was an earnings surprise of 5.20%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates through two segments, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment offers asset servicing and related services, including global custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment provides services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses. The company also provides asset management services, such as active, passive, and engineered equity; active and passive fixed income; cash management; alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay services and other risk management services. Northern Trust Corporation was founded in 1889 and is based in Chicago, Illinois.
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