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

Washington Trust Bancorp

24/01/2024 22:46

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of 76 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 95 cents.  The mean expectation of
four analysts for the quarter was for earnings of 57 cents per
share. Wall Street expected results to range from 52 cents to 60
cents per share.
    * Revenue fell 21% to $32.65 million from a year ago;
analysts
expected $33.23 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
76 cents​.
    * The company reported quarterly net income of $12.95
million.
    * Washington Trust Bancorp Inc shares had fallen by 6.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $28.00 

This summary was machine generated from LSEG data January 24 at
10:45 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      0.57           0.76           Beat
 Sep. 30 2023      0.58           0.65           Beat
 Jun. 30 2023      0.63           0.66           Beat
 Mar. 31 2023      0.90           0.74           Missed