Gear Up for Washington Trust (WASH) Q1 Earnings: Wall Street Estimates for Key Metrics

Core Viewpoint - Washington Trust Bancorp (WASH) is expected to report quarterly earnings of $0.62 per share, a decline of 3.1% year-over-year, while revenues are forecasted to increase by 8.5% to $52.98 million [1] Earnings Estimates - The consensus EPS estimate for the quarter has not changed over the past 30 days, indicating that analysts have not revised their initial projections [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics - Analysts predict an 'Efficiency Ratio' of 69.5%, down from 70.4% a year ago [5] - 'Total noninterest income' is expected to be $16.28 million, compared to $17.16 million in the previous year [5] - 'Net Interest Income' is forecasted to reach $36.69 million, up from $31.67 million year-over-year [5] Stock Performance - Over the past month, shares of Washington Trust have declined by 13.9%, while the Zacks S&P 500 composite has decreased by 3.9% [5] - Currently, WASH holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [5]