Berkshire Hills Bancorp Inc expected to post earnings of 52 cents a share - Earnings Preview

Beacon Financial

16/07/2024 13:52

* Berkshire Hills Bancorp Inc  BHLB.N   BHLB.K  is expected
to show a fall in quarterly revenue when it reports  results on
July 18 for the period ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
2.4% decrease in revenue to $90.498 million from $92.76 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL represents Net Interest Income)
    * ​LSEG's mean analyst estimate for Berkshire Hills Bancorp
Inc is
for earnings of 52 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 $25.00​, below​ its last closing price of $25.16.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.47        0.47       0.49      Beat    4.3
 Dec. 31 2024  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.        0.64        0.65       0.63      Missed  -2.4
 31 2023                                                
 Jan. 1 0001   0.64        0.64       0.69      Beat    8.7​
 Jan. 1 0001   0.59        0.58       0.42      Missed  -27.6
 Jun. 30 2022  0.47        0.47       0.50      Beat    6.8
 This summary was machine generated July 16 at 12:52 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)