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State Street Corporation (STT) Q4 Earnings and Revenues Beat Estimates
STTState Street(STT) ZACKS·2025-01-17 14:20

Earnings Performance - State Street Corporation reported quarterly earnings of 260pershare,beatingtheZacksConsensusEstimateof2 60 per share, beating the Zacks Consensus Estimate of 2 42 per share, representing a 7 44% earnings surprise [1] - The company's earnings per share (EPS) increased from 204ayearagoto2 04 a year ago to 2 60, reflecting strong year-over-year growth [1] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates [2] Revenue Performance - State Street posted revenues of 341billionforthequarterendedDecember2024,exceedingtheZacksConsensusEstimateby3173 41 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 3 17% [2] - Year-over-year revenue growth was notable, increasing from 3 04 billion to 341billion[2]−Thecompanyhastoppedconsensusrevenueestimatesineachofthelastfourquarters[2]StockPerformanceandMarketComparison−StateStreetshareshavegainedapproximately243 41 billion [2] - The company has topped consensus revenue estimates in each of the last four quarters [2] Stock Performance and Market Comparison - State Street shares have gained approximately 2 4% since the beginning of the year, outperforming the S&P 500's gain of 1% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate for the coming quarter is 1 94 on 327billioninrevenues,whilethefiscalyearestimateis3 27 billion in revenues, while the fiscal year estimate is 9 55 on 1339billioninrevenues[7]−TheestimaterevisionstrendforStateStreetismixed,resultinginaZacksRank3(Hold),indicatingexpectedmarket−alignedperformance[6]−Empiricalresearchhighlightsastrongcorrelationbetweennear−termstockmovementsandearningsestimaterevisions[5]IndustryContext−StateStreetoperatesintheZacksBanks−MajorRegionalindustry,whichiscurrentlyrankedinthetop2613 39 billion in revenues [7] - The estimate revisions trend for State Street is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected market-aligned performance [6] - Empirical research highlights a strong correlation between near-term stock movements and earnings estimate revisions [5] Industry Context - State Street operates in the Zacks Banks - Major Regional industry, which is currently ranked in the top 26% of over 250 Zacks industries [8] - The top 50% of Zacks-ranked industries historically outperform the bottom 50% by more than 2 to 1 [8] Peer Comparison - Fifth Third Bancorp (FITB), another company in the same industry, is expected to report quarterly earnings of 0 87 per share, reflecting a year-over-year decline of 12 1% [9] - Fifth Third Bancorp's revenue is projected at $2 21 billion, up 2 4% from the year-ago quarter [10] - The consensus EPS estimate for Fifth Third Bancorp has been revised 0 3% higher over the last 30 days [9]