Exploring Analyst Estimates for Washington Trust (WASH) Q3 Earnings, Beyond Revenue and EPS

Core Insights - Washington Trust Bancorp (WASH) is expected to report quarterly earnings of $0.56 per share, a decline of 13.9% year-over-year, with revenues forecasted at $47.32 million, down 3.4% from the previous year [1] Earnings Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have collectively reassessed their initial projections during this period [2] Importance of Revisions - Revisions to earnings projections are crucial for predicting investor behavior regarding the stock, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price performance [3] Key Metrics Projections - Analysts estimate an 'Efficiency Ratio' of 72.9%, up from 70.2% in the same quarter last year [5] - 'Total noninterest income' is projected to reach $15.74 million, compared to $15.23 million reported in the same quarter last year [5] - 'Net Interest Income' is expected to be $31.60 million, down from $33.75 million a year ago [6] Stock Performance - Over the past month, Washington Trust shares have returned +2.1%, while the Zacks S&P 500 composite has changed by +3.5% [6] - Based on its Zacks Rank 3 (Hold), WASH is likely to perform in line with the overall market in the upcoming period [6]