Published on 5 Apr 2024 on Zacks via Yahoo Finance

Why State Street (STT) is Poised to Beat Earnings Estimates Again

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? State Street Corporation (STT), which belongs to the Zacks Banks - Major Regional industry, could be a great candidate to consider.

This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.87%.

For the most recent quarter, State Street was expected to post earnings of $1.81 per share, but it reported $2.04 per share instead, representing a surprise of 12.71%. For the previous quarter, the consensus estimate was $1.77 per share, while it actually produced $1.93 per share, a surprise of 9.04%.