Washington Trust Bancorp Q3 2024 GAAP EPS $0.64 Beats $0.56 Estimate, Sales $32.262M Beat $31.628M Estimate
Portfolio Pulse from Benzinga Newsdesk
Washington Trust Bancorp reported Q3 2024 earnings per share of $0.64, surpassing the analyst estimate of $0.56. Sales were $32.262 million, also beating the estimate of $31.628 million. Despite beating estimates, both EPS and sales showed a decline compared to the previous year.
October 21, 2024 | 8:09 pm
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Washington Trust Bancorp's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.64 and sales at $32.262 million. However, both figures declined compared to the previous year.
The company's earnings and sales exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100