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Trustco Bank (NASDAQ:TRST) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Trustco Bank to report an earnings per share (EPS) of $0.00.
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).
During the last quarter, the company reported an EPS beat by $0.13, leading to a 5.12% increase in the share price on the subsequent 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% |
Shares of Trustco Bank were trading at $34.49 as of October 17. Over the last 52-week period, shares are up 32.58%. Given that these returns are generally positive, long-term shareholders are likely bullish 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.
Posted In: TRST
