A Preview Of State Street's Earnings
Portfolio Pulse from Benzinga Insights
State Street (NYSE:STT) is expected to release its quarterly earnings report on January 19, 2024, with an estimated EPS of $1.83. Investors are looking for an earnings beat and positive guidance for future growth. Historically, stock price reactions to earnings have been mixed, with both increases and decreases following past reports. Shares are currently trading at $74.69, down 11.38% over the last year. The upcoming earnings report could influence the stock's performance, especially if the results differ from expectations or guidance is notably positive or negative.
January 18, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
State Street is anticipated to report an EPS of $1.83 in its upcoming earnings. Past earnings have led to varied stock price movements. With shares down over the past year, the report and future guidance will be closely watched by investors.
The impact on STT's stock price in the short term will likely hinge on whether the actual earnings beat or miss the estimated EPS of $1.83 and the nature of the guidance provided. Historical data shows that the stock's reaction to earnings reports can be unpredictable, with both positive and negative movements. The current downward trend in the stock's year-to-date performance may set a cautious tone among investors, but a positive surprise in the earnings report could lead to a rebound in the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100