Berkshire Hills Bancorp Q3 Adj EPS $0.45 Misses $0.49 Estimate, Sales $90.30M Miss $94.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hills Bancorp (NYSE:BHLB) reported Q3 adjusted earnings of $0.45 per share, missing the analyst consensus estimate of $0.49 by 8.16%. This is a 27.42% decrease from the same period last year. The company also reported quarterly sales of $90.30 million, missing the analyst consensus estimate of $94.82 million by 4.77%. This is a 1.94% decrease from the same period last year.
October 20, 2023 | 11:44 am
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NEGATIVE IMPACT
Berkshire Hills Bancorp's Q3 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the stock price in the short term.
Berkshire Hills Bancorp's Q3 earnings and sales missed analyst estimates, which is typically a negative signal for investors. The YoY decrease in both earnings and sales further exacerbates this negative outlook. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100