Will State Street (STT) Beat Estimates Again in Its Next Earnings Report?

Earnings Performance - State Street Corporation (STT) has consistently beaten earnings estimates, with an average surprise of 7.81% over the past two quarters [1] - For the last reported quarter, the company posted earnings of $2.26 per share, surpassing the Zacks Consensus Estimate of $2.08 per share by 8.65% [2] - In the previous quarter, State Street reported earnings of $2.15 per share, exceeding the estimate of $2.01 per share by 6.97% [2] Earnings ESP and Zacks Rank - State Street currently has a positive Earnings ESP of +1.14%, indicating analysts' bullish outlook on the company's earnings prospects [6] - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [6] - Stocks with a positive Earnings ESP and a Zacks Rank 3 or better have a nearly 70% chance of producing a positive earnings surprise [4] Earnings Estimate Trends - State Street's earnings estimates have been trending higher, partly due to its history of earnings surprises [3] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the former reflecting the latest analyst revisions before an earnings release [5] Upcoming Earnings Report - State Street's next earnings report is expected to be released on January 17, 2025 [6]