Washington Trust Bancorp: Here’s What Investors Need to Know Before Earnings

Washington Trust Bancorp (NASDAQ:WASH) will report earnings after markets close on Monday, July 22nd. Washington Trust Bancorp, Inc. is the holding company for the Washington Trust Company. The Bank provides a broad range of financial services, including a variety of loans, deposit services, investment management, and merchant credit card services. Washington Trust operates through offices in Connecticut and Rhode Island.

Here is your Cheat Sheet to Washington Trust Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.57 per share on revenues of $39.90 million. Currently, the company’s P/E ratio stands at 15.00.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.56. For the current year, the average estimate is a profit of $2.13, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Washington Trust Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 181 172 172 174 186
Diluted EPS ($) 1.59 1.00 1.49 1.82 2.13

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 46.36 47.17 47.98 41.96
Diluted EPS ($) 0.53 0.54 0.55 0.45

Past Performance:
Washington Trust Bancorp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)