State Street Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
State Street Corporation (NYSE:STT) is anticipated to report Q1 earnings of $1.50 per share, a slight decrease from $1.52 the previous year, with revenue expected at $3.06 billion, down from $3.1 billion. The company completed the acquisition of CF Global Trading on Feb. 1. Shares dropped 0.6% to $73.91 recently. Analysts have updated their ratings, with price targets ranging from $81 to $92, reflecting varied expectations.
April 12, 2024 | 4:55 am
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State Street is expected to report a minor decrease in Q1 earnings and revenue, completed an acquisition, and experienced a slight stock price drop. Analyst ratings show mixed expectations.
The slight decrease in expected earnings and revenue indicates a potential short-term negative impact, but the acquisition of CF Global Trading could provide long-term benefits. The mixed analyst ratings and recent stock price drop suggest uncertainty in the short-term market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100