Q3 Earnings Preview: Berkshire Hills Bancorp

Berkshire Hills Bancorp BHLB announces its next round of earnings this Wednesday, Oct. 17. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement.

Earnings and Revenue

Sell-side analysts expect Berkshire Hills Bancorp's EPS to be near 70 cents on sales of $89.94 million.

Berkshire Hills Bancorp EPS in the same period a year ago totaled 59 cents. Revenue was $71.98 million. The analyst consensus estimate would represent a 18.64 percent increase in the company's EPS figure. Revenue would be up 24.92 percent on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 0.7 0.64 0.57 0.58
EPS Actual 0.74 0.65 0.58 0.59

Stock Performance

Over the past 52-week period, shares of Berkshire Hills Bancorp have declined 0.41 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Berkshire Hills Bancorp stock as Sell. The strength of this rating has maintained conviction over the past three months.

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEarnings Previews
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...