Market Overview

Earnings Preview: Berkshire Hills Bancorp

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Berkshire Hills Bancorp (NYSE: BHLB) announces its next round of earnings Thursday,. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.

Earnings and Revenue

Berkshire Hills Bancorp EPS is expected to be around 56 cents per share, according to sell-side analysts. Sales will likely be near $85 million.

In the same quarter last year, Berkshire Hills Bancorp announced EPS of 31 cents per share on revenue of $59 million. Sales would be have grown 44.55 percent from the same quarter last year.

Here's how the Berkshire Hills Bancorp's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.58 0.58 0.54 0.56
EPS Actual 0.59 0.58 0.55 0.56

 

Q4 EPS Estimate: 56 cents per share
Q4 Revenues Estimate: $85 million

Stock Performance

At last check, shares of Berkshire Hills Bancorp were trading at $38.15. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Berkshire Hills Bancorp stock is a Neutral. The strength of this rating has risen over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas

 

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