Unlocking Q2 Potential of Washington Trust (WASH): Exploring Wall Street Estimates for Key Metrics

Core Insights - Analysts predict that Washington Trust Bancorp (WASH) will report quarterly earnings of $0.49 per share, reflecting a year-over-year decline of 25.8% [2] - Total noninterest income is expected to reach $15.15 million, up from $14.33 million a year ago [1] - Net Interest Income is projected at $30.93 million, down from $33.50 million in the previous year [5] - The consensus estimate for the Efficiency Ratio is 74.8%, compared to 69% a year ago [8] - Revenues are anticipated to be $46.06 million, a decrease of 3.7% from the same quarter last year [2] - Washington Trust shares have increased by 25.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.1% [5] Earnings Estimates and Revisions - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment by covering analysts [6] - Changes in earnings estimates are crucial for predicting investor reactions and short-term stock performance [3][7] Market Position - Washington Trust Bancorp holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [5]