TrustCo Bank Corp NY Earnings Preview

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Investors hope TrustCo Bank Corp NY (NAS: TRST) will top analyst estimates once again after beating predictions by $0.01 in the previous quarter. The company will unveil its latest earnings on Monday, Jan. 23. TrustCo Bank Corp NY is a savings-and-loan holding company. The company's key subsidiary is Trustco Bank.

What analysts say:

  • Buy, sell, or hold?: Analysts are very bullish on this stock, unanimously backing it as a buy. TrustCo Bank Corp NY's rating hasn't changed over the past three months.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.10 per share.

What our community says:
CAPS All-Stars are solidly backing the stock, with 78.4% granting it an outperform rating. The community at large concurs with the All-Stars, with 81.1% assigning it a rating of outperform. Fools are bullish on TrustCo Bank Corp NY, though the message boards have been quiet lately, with only 42 posts in the past 30 days. Despite the majority sentiment in favor of TrustCo Bank Corp NY, the stock has a middling CAPS rating of three out of five stars.

Management:
TrustCo Bank Corp NY's profit has risen year over year by an average of 1.8% over the past five quarters. Revenue has fallen for the past three quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q3

Q2

Q1

Q4

Net Margin

20.8%

17.2%

16.8%

15.6%

For all our TrustCo Bank Corp NY-specific analysis, including earnings and beyond, add TrustCo Bank Corp NY to My Watchlist.

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Earnings estimates provided by Zacks.

At the time this article was published

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