Earnings Outlook For Trustco Bank

Trustco Bank TRST is set to give its latest quarterly earnings report on Monday, 2023-07-24. Here's what investors need to know before the announcement.

Analysts estimate that Trustco Bank will report an earnings per share (EPS) of $0.85.

Trustco Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.09, which was followed by a 0.85% increase in the share price the next day.

Here's a look at Trustco Bank's past performance and the resulting price change:

Stock Performance

Shares of Trustco Bank were trading at $30.35 as of July 20. Over the last 52-week period, shares are down 6.63%. Given that these returns are generally negative, long-term shareholders are likely bearish 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.