Washington Trust Bancorp Inc expected to post earnings of 63  cents a share - Earnings Preview

Washington Trust Bancorp

22/07/2023 03:03

* Washington Trust Bancorp Inc  WASH.OQ   WASH.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 24. 
    * The Westerly Rhode Island-based  company is expected to
report 
a 9.9% decrease in revenue to $33.792 million from $37.52
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Washington Trust
Bancorp
Inc is for earnings of 63 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 no "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​, below​ its last closing price of $28.77.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.90        0.90       0.74      Missed  -17.8
 Dec. 31 2023  1.10        1.09       0.95      Missed  -12.9
 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.        0.92        0.92       0.94      Beat    2.4
 31 2022                                                
 Dec. 31 2021  0.99        0.98       1.27      Beat    29.9​
 Sep. 30 2021  0.92        0.93       1.07      Beat    15.6
 Jun. 30 2021  1.09        1.07       1.00      Missed  -6.7
 This summary was machine generated July 22 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated