Trustco Bank TRST is set to give its latest quarterly earnings report on Monday, 2024-10-21. Here's what investors need to know before the announcement.
Analysts estimate that Trustco Bank will report an earnings per share (EPS) of $0.00.
Anticipation surrounds Trustco Bank's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
Last quarter the company beat EPS by $0.13, which was followed by a 5.12% increase in the share price the next day.
Here's a look at Trustco Bank's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.60 | 0.66 | 0.76 |
| EPS Actual | 0.66 | 0.64 | 0.52 | 0.77 |
| Price Change % | 5.0% | 4.0% | -1.0% | -4.0% |
Trustco Bank Share Price Analysis
Shares of Trustco Bank were trading at $34.49 as of October 17. Over the last 52-week period, shares are up 32.47%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Trustco Bank visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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