Will The Bank of New York Mellon (BK) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - The Bank of New York Mellon Corporation (BK) is well-positioned to continue its earnings-beat streak, with a history of positive earnings surprises and favorable estimates trending higher [1][2]. Group 1: Earnings Performance - The Bank of New York Mellon has consistently beaten earnings estimates, with an average surprise of 12.84% over the last two quarters [1]. - In the most recent quarter, the company reported earnings of $1.28 per share, exceeding the expected $1.12 per share, resulting in a surprise of 14.29% [1]. - For the previous quarter, the actual earnings were $1.27 per share against an estimate of $1.14 per share, leading to a surprise of 11.40% [1]. Group 2: Earnings Estimates and Predictions - Estimates for The Bank of New York Mellon have been trending higher, supported by its history of earnings surprises [2]. - The stock has a positive Zacks Earnings ESP of +0.02%, indicating bullish sentiment among analysts regarding its near-term earnings potential [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that nearly 70% of stocks with this combination exceed consensus estimates [2][3]. Group 3: Importance of Earnings ESP - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3]. - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates despite a negative value [4]. - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the chances of successful investment decisions [4].