Why The Bank of New York Mellon (BK) Could Beat Earnings Estimates Again

Core Viewpoint - The Bank of New York Mellon Corporation (BK) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of surpassing expectations [1]. Earnings Performance - The company has consistently exceeded earnings estimates, averaging a beat of 8.15% over the last two quarters [2]. - In the most recent quarter, BK was expected to report earnings of $1.58 per share but reported $1.49 per share, resulting in a surprise of 6.04%. In the previous quarter, it exceeded the estimate of $1.56 per share by reporting $1.72 per share, a surprise of 10.26% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for BK, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. Current Earnings ESP - BK currently has an Earnings ESP of +1.03%, suggesting that analysts are optimistic about the company's earnings prospects. This positive ESP, combined with a Zacks Rank of 2 (Buy), indicates a potential for another earnings beat [8]. - The next earnings report for BK is expected to be released on July 15, 2025 [8].