State Street reports its third-quarter earnings on Friday, October 24, 2014, and the consensus earnings per share estimate is $1.22 per share.
The consensus estimate has risen from $1.21 over the past three months. For the fiscal year, analysts are expecting earnings of $4.87 per share. Revenue is projected to be $2.61 billion for the quarter, 3% above the year-earlier total of $2.53 billion. For the year, revenue is projected to roll in at $10.45 billion.
The company has seen steady earnings for the last eight quarters, but income has been sliding year-over-year by an average of 2% over the last four quarters. The biggest drop came in the first quarter, when profit dipped by 22%.
Revenue rose in the past two quarters. In the second quarter, revenue increased 6% to $2.69 billion from the year earlier quarter. In the first quarter, the figure rose 2%.
Other companies in the financial sector include: JPMorgan, Bank Of America and Goldman.
Earnings estimates provided by Zacks.
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