Berkshire Hills Bancorp Q4 2023 Adj EPS $0.47 Misses $0.49 Estimate, Sales $90.44M Miss $94.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hills Bancorp (BHLB) reported Q4 2023 adjusted earnings per share (EPS) of $0.47, missing the consensus estimate of $0.49 by 4.08%. Year-over-year, this represents a 26.56% decrease from an EPS of $0.64. Quarterly sales were $90.44M, falling short of the $94.52M estimate by 4.31% and marking an 11.41% decrease from the previous year's $102.09M.
January 25, 2024 | 12:32 pm
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NEGATIVE IMPACT
Berkshire Hills Bancorp's Q4 2023 results showed a miss on both EPS and sales estimates, with significant declines from the previous year.
Missing both EPS and sales estimates, especially with a notable year-over-year decline, is generally perceived negatively by the market. This could lead to a decrease in investor confidence and a potential short-term drop in the stock price of $BHLB.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100