Northern Trust(US:NTRS) ZACKSยท2024-07-10 15:05Core Viewpoint - The consensus EPS estimate for Northern Trust has been revised 3.54% higher over the last 30 days, indicating a positive reassessment by analysts regarding the company's earnings prospects [1]. Earnings Estimates and Revisions - Northern Trust's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.58%, suggesting analysts are bullish on the company's earnings [8]. - The consensus EPS estimate for Citigroup has been revised 2.4% lower over the last 30 days, with an Earnings ESP of 0.00%, making it difficult to predict a beat on the consensus EPS estimate [14]. Earnings Performance History - Northern Trust has beaten consensus EPS estimates three out of the last four quarters, with a notable surprise of +15.65% in the last reported quarter [9][11]. - Citigroup has consistently beaten consensus EPS estimates in each of the trailing four quarters [14]. Revenue Expectations - Northern Trust is expected to report quarterly earnings of $1.75 per share, representing a year-over-year decline of -2.2%, with revenues anticipated to be $1.84 billion, up 5% from the year-ago quarter [20][25]. - Citigroup's revenues for the quarter are expected to be $19.97 billion, reflecting a year-over-year increase of +2.8% [10]. Market Sentiment and Predictions - Northern Trust is viewed as a compelling earnings-beat candidate, but investors should consider other factors before making investment decisions [13]. - The predictive power of Earnings ESP is significant for positive readings, particularly when combined with a strong Zacks Rank, which increases the likelihood of a positive surprise [23].