Washington Trust Bancorp (WASH) Reports Earnings Tomorrow: What To Expect

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

WASH Cover Image

Regional bank Washington Trust Bancorp (NASDAQ: WASH) will be reporting earnings this Monday afternoon. Here’s what you need to know.

Washington Trust Bancorp missed analysts’ revenue expectations last quarter, reporting revenues of $58 million, up 10.9% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ net interest income estimates.

Is Washington Trust Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Washington Trust Bancorp’s revenue to grow 9% year on year, slowing from the 14.7% increase it recorded in the same quarter last year.

Washington Trust Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Washington Trust Bancorp has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Washington Trust Bancorp’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. M&T Bank delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 2.5%, and Commerce Bancshares reported revenues up 11.9%, topping estimates by 1.8%. M&T Bank traded up 5% following the results while Commerce Bancshares was also up 1.7%.

Read our full analysis of M&T Bank’s results here and Commerce Bancshares’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 6.3% on average over the last month. Washington Trust Bancorp is up 4% during the same time and is heading into earnings with an average analyst price target of $33.75 (compared to the current share price of $36.62).

ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.

Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  247.23
-2.66 (-1.06%)
AAPL  333.74
+0.48 (0.14%)
AMD  495.76
-5.18 (-1.03%)
BAC  61.27
-0.22 (-0.36%)
GOOG  346.12
-7.69 (-2.17%)
META  646.01
-18.53 (-2.79%)
MSFT  393.82
-7.28 (-1.82%)
NVDA  202.81
-4.59 (-2.21%)
ORCL  126.41
+2.20 (1.77%)
TSLA  380.84
-10.22 (-2.61%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.