Washington Trust Bancorp Inc expected to post earnings of 45 cents a share - Earnings Preview

Washington Trust Bancorp

19/04/2024 13:02

* Washington Trust Bancorp Inc  WASH.OQ   WASH.O  is
expected
to show a fall in quarterly revenue when it reports  results on
April 22 for the period ending March 31 2024
    * The Westerly Rhode Island-based  company is expected to
report a
15.3% decrease in revenue to $31.5 million from $37.19 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Washington Trust Bancorp
Inc
is for earnings of 45 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $27.00​, above​ its last closing price of $24.64.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.57        0.57       0.76      Beat    34.1
 Sep. 30 2023  0.57        0.58       0.65      Beat    11.4
 Jun. 30 2023  0.62        0.63       0.66      Beat    5.5​
 Mar. 31 2023  0.90        0.90       0.74      Missed  -17.8
 ​​Dec.        1.10        1.09       0.95      Missed  -12.9
 31 2022                                                
 Sep. 30 2022  1.02        1.00       1.08      Beat    7.8​
 Jun. 30 2022  0.90        0.91       1.14      Beat    25.5
 Mar. 31 2022  0.92        0.92       0.94      Beat    2.4
 This summary was machine generated April 19 at 12:02 GMT.  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)