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

Washington Trust Bancorp

25/10/2022 24:23

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of $1.08​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of $1.00 per share.
    * Revenue rose 16.6% to $42.04 million from a year ago;
analysts
expected $39.64 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
$1.08​.
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 2.9% this
quarter and lost 15.2% so far this year.
    * The company reported quarterly net income of $18.69
million.
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $56.50 
    * 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 October
24 at 11:23 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.00           1.08           Beat
 Jun. 30 2022      0.91           1.14           Beat
 Mar. 31 2022      0.92           0.94           Beat
 Dec. 31 2021      0.98           1.27           Beat