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

Washington Trust Bancorp

24/07/2023 23:05

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of 66 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 63 cents per share.
    * Revenue fell 10.7% to $33.50 million from a year ago;
analysts
expected $33.79 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
66 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% 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 7.3% this
quarter and lost 39.0% so far this year.
    * The company reported quarterly net income of $11.24
million.
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $28.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
24 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.63           0.66           Beat
 Mar. 31 2023      0.90           0.74           Missed
 Dec. 31 2022      1.09           0.95           Missed
 Sep. 30 2022      1.00           1.08           Beat