Berkshire Hills Bancorp Inc expected to post earnings of 47 cents a share - Earnings Preview

Beacon Financial

16/04/2024 13:33

* Berkshire Hills Bancorp Inc  BHLB.N   BHLB.K  is expected
to show a fall in quarterly revenue when it reports  results on
April 18 for the period ending March 31 2024
    * The Boston Massachusetts-based  company is expected to
report a
8.7% decrease in revenue to $89.011 million from $97.53 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Berkshire Hills Bancorp
Inc is
for earnings of 47 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Berkshire
Hills
Bancorp Inc is $26.00​, above​ its last closing price of $20.88.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.49        0.49       0.55      Beat    13.2
 Sep. 30 2023  0.48        0.49       0.45      Missed  -7.5
 Jun. 30 2023  0.56        0.57       0.55      Missed  -4.1​
 Mar. 31 2023  0.64        0.65       0.63      Missed  -2.4
 ​​Dec.        0.64        0.64       0.69      Beat    8.7
 31 2022                                                
 Sep. 30 2022  0.59        0.58       0.42      Missed  -27.6​
 Jun. 30 2022  0.47        0.47       0.50      Beat    6.8
 Mar. 31 2022  0.40        0.40       0.42      Beat    5.1
 This summary was machine generated April 16 at 12:32 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)