TrustCo Bank Corp NY reports results for the quarter ended in December - Earnings Summary

TrustCo Bank NY

22/01/2024 23:31

* TrustCo Bank Corp NY  TRST.OQ  reported quarterly adjusted
earnings of 52 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.10.  The lone analyst forecast for
the quarter was for earnings of 66 cents per share. 
    * Revenue rose 44.1% to $77.77 million from a year ago;
analysts
expected $44.90 million. 
    * TrustCo Bank Corp NY's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $9.85
million.
    * TrustCo Bank Corp NY shares had fallen by 6.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "sell"

Wall Street's median 12-month price target for TrustCo Bank Corp
NY is $29.00 
This summary was machine generated from LSEG data January 22 at
11:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.66           0.52           Missed
 Sep. 30 2023      0.76           0.77           Beat
 Jun. 30 2023      0.85           0.86           Beat
 Mar. 31 2023      1.02           0.93           Missed