State Street Corporation Just Recorded A 6.1% EPS Beat: Here's What Analysts Are Forecasting Next
State Street Corporation Just Recorded A 6.1% EPS Beat: Here's What Analysts Are Forecasting Next
It's been a pretty great week for State Street Corporation (NYSE:STT) shareholders, with its shares surging 13% to US$85.34 in the week since its latest quarterly results. State Street reported US$3.2b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$2.15 beat expectations, being 6.1% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
對於State Street Corporation (NYSE: STT)股東來說,這是一個相當不錯的一週,因爲自本季度最新業績以來,該公司股價已經上漲了13%,達到了85.34美元。 State Street報告了32億美元的營業收入,基本符合分析師的預測,儘管它的每股收益(EPS)爲2.15美元,高於預期水平,比分析師預期高出6.1%。分析師通常會在每次業績後更新他們的預測,我們可以從他們的估計中判斷他們對公司的看法是否有所改變,或者是否存在任何新的問題需要注意。我們認爲讀者會發現分析師對明年的最新(法定)業績預測很有意思。
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Taking into account the latest results, the consensus forecast from State Street's 13 analysts is for revenues of US$12.6b in 2024. This reflects a credible 4.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 40% to US$7.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$12.5b and earnings per share (EPS) of US$7.52 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
考慮到最新的結果,State Street的13位分析師達成共識,預計2024年的營業收入將達到126億美元。相比過去12個月,這反映了18.9%的收入增長。法定每股收益預計將增長40%,達到7.67美元。然而,在最新的業績發佈之前,分析師們曾預計2024年收入爲125億美元,每股收益(EPS)爲7.52美元。因此,儘管分析師們已經更新了他們的預測,但在最新的結果發佈後,公司的業務預期並沒有發生重大變化。
The analysts reconfirmed their price target of US$88.37, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on State Street, with the most bullish analyst valuing it at US$103 and the most bearish at US$73.00 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
分析師重新確認了公司的目標股票價格爲88.37美元,表明該公司的業務表現良好並符合預期。然而,還有另一種思考目標價格的方法,那就是看分析師提出的價格目標範圍,因爲廣泛的估價範圍可能表明對業務可能的結果存在不同的看法。對於State Street,不同的看法存在一些變異,最看好的分析師估價爲103美元,而最看淡的估價爲每股73美元。正如您可以看到的那樣,分析師們並不都對該股的未來持一致的看法,但估價範圍仍然相當狹窄,這可能表明結果是不完全可預測的。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the State Street's past performance and to peers in the same industry. The analysts are definitely expecting State Street's growth to accelerate, with the forecast 10% annualised growth to the end of 2024 ranking favourably alongside historical growth of 0.7% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.5% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect State Street to grow faster than the wider industry.
這些估計數據很有趣,但在比較預測時,可以更廣泛地看待,既可以看看State Street過去的業績,也可以看看同行業中的同行。分析師們明顯希望道富銀行的增長加速,預計到2024年的年化增長率爲10%,與過去五年的0.7%歷史增長率相比,排名領先。與同行業其他公司相比,它們預計年增收益爲5.5%。很明顯,雖然增長前景比最近過去要明亮,但分析師還預計道富銀行的增長速度將超過整個行業。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最明顯的結論是,近期業務前景並沒有發生重大變化,因爲分析師們保持了盈利預測,與以前的預測一致。幸運的是,他們還重新確認了公司的營收數字,表明結果與預期相符。此外,我們的數據表明,營業收入預計將比整個行業增長得更快。一致的預期目標價格並沒有發生實質性的變化,這表明公司內在價值在最新的預測中沒有發生重大變化。
With that in mind, we wouldn't be too quick to come to a conclusion on State Street. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple State Street analysts - going out to 2026, and you can see them free on our platform here.
在此情況下,我們不會輕易對State Street做出結論。長期盈利和利潤遠比明年的利潤更重要。我們從多位State Street分析師那裏得到了相應的預測,延伸到2026年,您可以在我們的平台上免費查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with State Street , and understanding it should be part of your investment process.
儘管如此,必須考慮到不斷存在的投資風險。我們已經確定了State Street的一個警告信號,並且了解它應該成爲您的投資過程的一部分。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。