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

Washington Trust Bancorp

23/10/2023 22:02

* Washington Trust Bancorp Inc  WASH.OQ  reported quarterly
adjusted earnings of 65 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 58 cents per share.
    * Revenue fell 19.7% to $33.75 million from a year ago;
analysts
expected $33.61 million. 
    * Washington Trust Bancorp Inc's reported EPS for the
quarter was
65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Washington Trust Bancorp Inc shares had fallen by 6.6%
this
quarter and lost 47.9% so far this year.
    * The company reported quarterly net income of $11.14
million.
    * Wall Street's median 12-month price target for Washington
Trust
Bancorp Inc is $30.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 23 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.58           0.65           Beat
 Jun. 30 2023      0.63           0.66           Beat
 Mar. 31 2023      0.90           0.74           Missed
 Dec. 31 2022      1.09           0.95           Missed