Published on 4 Apr 2024 on Zacks via Yahoo Finance

Will The Bank of New York Mellon (BK) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering The Bank of New York Mellon Corporation (BK), which belongs to the Zacks Banks - Major Regional industry.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.84%.

For the most recent quarter, The Bank of New York Mellon was expected to post earnings of $1.12 per share, but it reported $1.28 per share instead, representing a surprise of 14.29%. For the previous quarter, the consensus estimate was $1.14 per share, while it actually produced $1.27 per share, a surprise of 11.40%.