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

Washington Trust Bancorp

24/04/2023 14:01

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of 74 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 90 cents per share.
    * Revenue rose 6% to $37.19 million from a year ago;
analysts
expected $40.41 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
74 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Washington Trust Bancorp Inc shares had fallen by 5.5%
this
quarter and lost 30.5% so far this year.
    * The company reported quarterly net income of $12.78
million.
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $40.00 
    * 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
April 24 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.90           0.74           Missed
 Dec. 31 2022      1.09           0.95           Missed
 Sep. 30 2022      1.00           1.08           Beat
 Jun. 30 2022      0.91           1.14           Beat