Washington Trust Bancorp's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Washington Trust Bancorp (NASDAQ:WASH) is set to release its quarterly earnings report on October 23, 2023. Analysts estimate an EPS of $0.58. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $25.51, down 48.47% over the last 52-week period.
October 20, 2023 | 3:01 pm
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Washington Trust Bancorp is expected to report an EPS of $0.58. Despite beating EPS estimates in the past, the company's share price has typically dropped. The stock is down 48.47% over the last year.
The company has a history of beating EPS estimates but this has not translated into a rise in share price. In fact, the share price has typically dropped after earnings announcements. Given this trend and the fact that the stock is down significantly over the last year, it is likely that the stock will continue to underperform in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100