State Street Corporation (STT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for State Street Corporation (STT) despite higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - State Street is expected to report quarterly earnings of $2.01 per share, reflecting a year-over-year decrease of 7.4$3.15 billion, which is an increase of 1.2% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.88% higher in the last 30 days, indicating a positive reassessment by analysts [2] - The Most Accurate Estimate for State Street is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.15% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading indicates a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4] - State Street's current Zacks Rank is 3, suggesting a moderate outlook for beating the consensus EPS estimate [5][6] Historical Performance - In the last reported quarter, State Street exceeded the expected earnings of $1.48 per share by delivering$1.69, resulting in a surprise of +14.19% [7] - The company has consistently beaten consensus EPS estimates in the last four quarters [7] Conclusion - State Street is positioned as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [8]