Washington Trust Bancorp Q2 EPS $0.66 Beats $0.63 Estimate, Sales $33.50M Miss $33.79M Estimate
Portfolio Pulse from mahesh@benzinga.com
Washington Trust Bancorp (NASDAQ:WASH) reported Q2 earnings of $0.66 per share, beating the analyst consensus estimate of $0.63 by 4.76%. However, this is a 42.11% decrease from the same period last year. The company's quarterly sales of $33.50 million missed the analyst consensus estimate of $33.79 million by 0.86%, marking a 10.70% decrease from the same period last year.
July 24, 2023 | 8:11 pm
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NEUTRAL IMPACT
Washington Trust Bancorp's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
While Washington Trust Bancorp beat earnings estimates, the miss on sales and the YoY decrease in both earnings and sales could lead to mixed market reactions. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100