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Exploring Analyst Estimates for Washington Trust (WASH) Q2 Earnings, Beyond Revenue and EPS
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The upcoming report from Washington Trust Bancorp (WASH - Free Report) is expected to reveal quarterly earnings of $0.76 per share, indicating an increase of 11.8% compared to the year-ago period. Analysts forecast revenues of $59.71 million, representing an increase of 10% year over year.
The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Washington Trust metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 64.9%. The estimate is in contrast to the year-ago figure of 67.3%.
The consensus estimate for 'Total noninterest income' stands at $17.80 million. The estimate compares to the year-ago value of $17.08 million.
The average prediction of analysts places 'Net Interest Income' at $41.92 million. Compared to the current estimate, the company reported $37.19 million in the same quarter of the previous year.
Over the past month, Washington Trust shares have recorded returns of +1.9% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #4 (Sell), WASH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Washington Trust (WASH) Q2 Earnings, Beyond Revenue and EPS
The upcoming report from Washington Trust Bancorp (WASH - Free Report) is expected to reveal quarterly earnings of $0.76 per share, indicating an increase of 11.8% compared to the year-ago period. Analysts forecast revenues of $59.71 million, representing an increase of 10% year over year.
The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Washington Trust metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 64.9%. The estimate is in contrast to the year-ago figure of 67.3%.
The consensus estimate for 'Total noninterest income' stands at $17.80 million. The estimate compares to the year-ago value of $17.08 million.
The average prediction of analysts places 'Net Interest Income' at $41.92 million. Compared to the current estimate, the company reported $37.19 million in the same quarter of the previous year.
View all Key Company Metrics for Washington Trust here>>>Over the past month, Washington Trust shares have recorded returns of +1.9% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #4 (Sell), WASH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .