Berkshire Hills Bancorp Q2 Adj $0.57 Beats $0.52 Estimate, Sales $88.53M Miss $90.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hills Bancorp (NYSE:BHLB) reported Q2 earnings of $0.57 per share, beating the analyst estimate of $0.52. However, sales of $88.53 million missed the $90.50 million estimate.
July 18, 2024 | 11:33 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Berkshire Hills Bancorp reported Q2 earnings of $0.57 per share, beating the analyst estimate of $0.52. However, sales of $88.53 million missed the $90.50 million estimate.
While the earnings per share beat expectations, the miss on sales and the year-over-year decline in revenue may offset the positive sentiment from the earnings beat. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100