A Preview Of Washington Trust Bancorp's Earnings
Portfolio Pulse from Benzinga Insights
Washington Trust Bancorp (NASDAQ:WASH) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, WASH has experienced share price drops following earnings reports, even when beating EPS estimates. Over the past year, WASH shares have declined by 35.19%, indicating a bearish sentiment among long-term shareholders.
January 23, 2024 | 5:02 pm
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Washington Trust Bancorp is set to report earnings with an anticipated EPS of $0.57. Past earnings have seen share price declines, and long-term performance is bearish with a 35.19% drop over the last year.
Given the historical share price drops following earnings reports, even when EPS estimates were beaten, and the overall 35.19% decline in share price over the past year, there is a bearish sentiment that could lead to a short-term negative impact on WASH's stock price post-earnings announcement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100