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

Washington Trust Bancorp

25/07/2022 22:02

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of $1.14​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue rose 7.9% to $37.52 million from a year ago;
analysts
expected $35.94 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
$1.14​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Washington Trust Bancorp Inc shares had risen by 2.8% this
quarter and lost 11.8% so far this year.
    * The company reported quarterly net income of $19.9
million.
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $57.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 25
at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.91           1.14           Beat
 Mar. 31 2022      0.92           0.94           Beat
 Dec. 31 2021      0.98           1.27           Beat
 Sep. 30 2021      0.93           1.07           Beat