State Street Earnings Preview: Can This Streak Continue?

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State Street (NYSE:STT) will report earnings before markets open on Friday, July 19th. State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.

Here is your Cheat Sheet to State Street Earnings:

Earnings Expectations: Analysts expect earnings of $1.19 per share on revenues of $2.54 billion. Currently, the company’s P/E ratio stands at 15.89.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.16 to a profit $1.17. For the current year, the average estimate is a profit of $4.54, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how State Street has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 12,922 9,362 9,716 10,207 10,125
Diluted EPS ($) 3.89 -4.31 3.09 3.79 4.20

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 2,564.00 2,449.00 2,539.00 2,544.00
Diluted EPS ($) 0.98 1.36 1.00 0.98

Past Performance:
State Street has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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