Earnings Preview: Trustco Bank
Portfolio Pulse from Benzinga Insights
Trustco Bank (NASDAQ:TRST) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $0.00. Investors are keen on not just an earnings beat but also positive future guidance. In the last quarter, Trustco Bank beat EPS estimates by $0.13, resulting in a 5.12% share price increase. Shares are currently trading at $34.49, up 32.58% over the past year.
October 18, 2024 | 3:04 pm
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Trustco Bank is expected to release its earnings with an EPS estimate of $0.00. Investors are looking for an earnings beat and positive guidance, which could impact the stock price.
Trustco Bank's upcoming earnings release is crucial as investors are not only looking for an EPS beat but also positive guidance. Historically, an EPS beat has led to a significant increase in share price, as seen in the last quarter with a 5.12% rise. The current positive trend in share price over the past year suggests bullish sentiment, which could be further fueled by favorable earnings results and guidance.
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