Washington Trust Bancorp Q2 2024 GAAP EPS $0.63 Beats $0.49 Estimate, Sales $31.585M Beat $30.931M Estimate
Portfolio Pulse from Benzinga Newsdesk
Washington Trust Bancorp (NASDAQ:WASH) reported Q2 2024 earnings per share (EPS) of $0.63, beating the analyst estimate of $0.49 by 28.57%. Quarterly sales were $31.585 million, surpassing the $30.931 million estimate. Despite the beats, both EPS and sales were down compared to the same period last year.
July 22, 2024 | 8:07 pm
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Washington Trust Bancorp reported Q2 2024 EPS of $0.63, beating the $0.49 estimate by 28.57%. Sales were $31.585 million, exceeding the $30.931 million estimate. Despite these beats, both EPS and sales were down compared to the same period last year.
The company's earnings and sales both beat analyst estimates, which is generally positive for the stock price. However, the year-over-year declines in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100