* Berkshire Hills Bancorp Inc reported quarterly adjusted earnings of 58 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of six analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 54 cents to 58 cents per share.
* Revenue fell 2.5% to $88.06 million from a year ago; analysts expected $90.48 million.
* Berkshire Hills Bancorp Inc's reported EPS for the quarter was 88 cents.
* The company reported quarterly net income of $37.51 million.
* Berkshire Hills Bancorp Inc shares had risen by 2.1% this quarter and gained 10.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "hold"
Wall Street's median 12-month price target for Berkshire Hills Bancorp Inc is $28.00 This summary was machine generated from LSEG data October 24 at 04:08 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.55 0.58 Beat
Jun. 30 2024 0.52 0.55 Beat
Mar. 31 2024 0.47 0.49 Beat
Dec. 31 2023 0.49 0.55 Beat
