On Monday, October 19, Washington Trust Bancorp WASH will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Washington Trust Bancorp EPS is expected to be around $1.03, according to sell-side analysts. Sales will likely be near $32.27 million. Washington Trust Bancorp reported a profit of $1.08 per share when it published results during the same quarter last year. Sales in that period totaled $32.98 million. If the company were to match the consensus estimate when it reports Monday, earnings would be down 4.63%. Sales would be down 2.15% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.63 | 0.80 | 0.96 | 0.96 |
| EPS Actual | 1.21 | 0.68 | 0.89 | 1.08 |
| Revenue Estimate | 32.00 M | 32.43 M | 32.41 M | 33.56 M |
| Revenue Actual | 30.95 M | 32.60 M | 31.99 M | 32.98 M |
Stock Performance
Over the last 52-week period, shares are down 33.99%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Washington Trust Bancorp is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/wash/mediaframe/41266/indexr.html
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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