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Northern Trust (NTRS) Q1 Earnings & Revenue Beat Estimates

Zacks Equity Research

Have you been eager to see how Northern Trust Corporation NTRS performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this IL-based popular bank’s earnings release this morning:

An Earnings Beat

Northern Trust came out with earnings per share of $1.48, outpacing the Zacks Consensus Estimate of $1.46. Higher revenues were primarily responsible for the improvement.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Northern Trust depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable over the last seven days.

Moreover, Northern Trust has an impressive earnings surprise history. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 7.33% in the trailing four quarters.
 

Northern Trust Corporation Price and EPS Surprise

Northern Trust Corporation Price and EPS Surprise | Northern Trust Corporation Quote

Revenue Came In Higher Than Expected

Northern Trust posted revenues of $1.49 billion, outpacing the Zacks Consensus Estimate of $1.46 billion. Further, it improved slightly on a year-over-year basis.

Key Stats to Note:

 

  • Total assets under custody increased 1% year over year.
  • Total assets under management decreased slightly.
  • Return on average common equity was 14%.


What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Northern Trust. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Check back later for our full write up on this Northern Trust earnings report!

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