Benzinga | Jan 17, 2022 10:01AM EST

Bank of New York Mellon's Earnings Outlook

Bank of New York Mellon (NYSE:BK) is set to give its latest quarterly earnings report on Tuesday, 2022-01-18. 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).

Past Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 2.88% 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 Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.01 1 0.87 0.91EPS Actual 1.04 1.13 0.97 0.96Price Change % 2.88% 1.44% -4.04% -0.54%

Stock Performance

Shares of Bank of New York Mellon were trading at $63.65 as of January 13. Over the last 52-week period, shares are up 38.8%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here