Washington Trust Bancorp Inc expected to post earnings of 57 cents a share - Earnings Preview

Washington Trust Bancorp

22/01/2024 21:25

* Washington Trust Bancorp Inc  WASH.OQ   WASH.O  is
expected
to show a fall in quarterly revenue when it reports  results on
January 24 for the period ending December 31 2023
    * The Westerly Rhode Island-based  company is expected to
report a
19.6% decrease in revenue to $33.23 million from $41.34 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Net interest Income)
    * ​LSEG's mean analyst estimate for Washington Trust Bancorp
Inc
is for earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 $28.00​, below​ its last closing price of $29.60.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.10        1.09       0.95      Missed  -12.9
 ​​Sep.        1.02        1.00       1.08      Beat    7.8
 30 2022                                                
 Jun. 30 2022  0.90        0.91       1.14      Beat    25.5​
 Mar. 31 2022  0.92        0.92       0.94      Beat    2.4
 Dec. 31 2021  0.99        0.98       1.27      Beat    29.9
 This summary was machine generated January 22 at 21:25 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)