Washington Trust Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

Washington Trust Bancorp

29/01/2025 22:01

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 76 cents.  The mean expectation of
three analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 49 cents to 62
cents per share.
    * Revenue rose 0.9% to $32.94 million from a year ago;
analysts
expected $31.29 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
a loss of $3.46​.
    * The company reported a quarterly loss of $60.78 million.
    * Washington Trust Bancorp Inc shares had risen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Washington Trust
Bancorp Inc is $36.50 
This summary was machine generated from LSEG data January 29 at
10:01 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 2024      0.55           0.59           Beat
 Sep. 30 2024      0.56           0.64           Beat
 Jun. 30 2024      0.49           0.63           Beat
 Mar. 31 2024      0.45           0.64           Beat