Berkshire Hills Bancorp Q2 EPS $0.55 Misses $0.57 Estimate, Sales $92.80M Miss $97.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hills Bancorp (BHLB) reported Q2 earnings of $0.55 per share, missing the analyst consensus estimate of $0.57 by 3.51%. The company also reported quarterly sales of $92.80 million, missing the analyst consensus estimate of $97.21 million by 4.54%. However, both earnings and sales have increased compared to the same period last year.
July 20, 2023 | 11:35 am
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NEGATIVE IMPACT
Berkshire Hills Bancorp's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase in both metrics may mitigate this impact.
Missing analyst estimates for both earnings and sales is typically seen as a negative signal by the market, which could lead to a short-term decrease in the stock price. However, the YoY increase in both earnings and sales may be seen as a positive signal, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100