Benzinga | Oct 22, 2021 10:26AM EDT

Washington Trust Bancorp's Earnings: A Preview

Washington Trust Bancorp (NASDAQ:WASH) is set to give its latest quarterly earnings report on Monday, 2021-10-25. Here's what investors need to know before the announcement.

Analysts estimate that Washington Trust Bancorp will likely report an Earnings Per Share (EPS) of $0.96

Washington Trust Bancorp bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by -6.54%, which was followed by a 8.46% drop in the share price the next day.

Here's a look at Washington Trust Bancorp's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.07 1.04 0.97 1.03EPS Actual 1 1.17 1.13 1.06Price Change % -8.46% 0.28% 2.32% 3.39%

Stock Performance

Shares of Washington Trust Bancorp were trading at $54.68 as of October 21. Over the last 52-week period, shares are up 51.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here