Northern Trust Corporation (NasdaqGS:NTRS) is scheduled to report Q3 earnings results on October 21, 2020.
The company is expected to report earnings of $1.38/share on revenue of $1.479 billion. The consensus earnings per share (EPS) of $1.38/share is based on a poll of 13 analysts and represents a decline in eps of −18.1% over the same quarter last year, when the company reported earnings of $1.69/share.
The revenue forecast of $1.479 billion based on a poll of 9 analysts implies a year-over-year (YoY) decline in revenue of −4.3%. Last year the company reported $1.546 billion in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarters.
What are your expectations from Northern Trust Corporation for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by falling −2.9%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
|July 22, 2020||$79.83||$77.48||−2.9%||Decline|
|April 21, 2020||$79.33||$76.17||−4.0%||Decline|
|January 22, 2020||$108.57||$104.07||−4.1%||Decline|
|October 23, 2019||$97.51||$100.35||2.9%||Increase|
Fundamentals And Technical Analysis
Northern Trust Corporation is currently trading at $87.24/share, down −0.2% for the day. The company is trading at approximately 79.4% of its 52-week high of $110.48/share. The company’s stock price is up 12.6% since the last earnings report and up 1.1% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 60.40 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 13.40 and a forward P/E multiple of 14.93.
Northern Trust Corporation’s current share price also implies a price-to-book (P/B) multiple of 1.73. The following table summarizes some other key fundamental ratios:
|Last Reported Fiscal Period Key||FY2020.Q2|
|Period End Date||June 30, 2020|
|Stock Price (Current)||$87.24|
|P/E Ratio (Fwd)||14.9x|
|Total Debt / Total Capital||42.4%|
|Levered Free Cash Flow||$2.505 billion|
|Free Cash Flow Yield||13.8%|
Northern Trust Corporation is a large-cap stock with a market capitalization of $18.183 billion. The company operates in the Financials sector and the Capital Markets industry.
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management. The C&IS segment offers asset servicing and related services, including 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 serves 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; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. 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 and passive 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 and other risk management services. The company was founded in 1889 and is headquartered in Chicago, Illinois.