Benzinga | Oct 18, 2021 02:10PM EDT

Earnings Preview: Bank of New York Mellon

BK is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

Analysts estimate that Bank of New York Mellon will likely report an Earnings Per Share (EPS) of $1.01

Bank of New York Mellon bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by $13.0, which was followed by a 1.44 increase in the share price the next day.

Here's a look at Bank of New York Mellon's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1 0.87 0.91 0.94EPS Actual 1.13 0.97 0.96 0.98Revenue Estimate 3.88B 3.85B 3.83B 3.83BRevenue Actual 3.96B 3.92B 3.90B 3.85B

Stock Performance

Shares of Bank of New York Mellon were trading at $57.16 as of October 15. Over the last 52-week period, shares are up 55.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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