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Berkshire Hills (BHLB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Berkshire Hills Bancorp (BHLB - Free Report) reported revenue of $108.67 million, down 2.8% over the same period last year. EPS came in at $0.55, compared to $0.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $108.46 million, representing a surprise of +0.19%. The company delivered an EPS surprise of +7.84%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Berkshire Hills performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 63.4% versus the three-analyst average estimate of 66.6%.
Net interest margin, FTE: 3.2% versus the three-analyst average estimate of 3.2%.
Average Balance - Total earning assets: $11.14 billion compared to the $11.17 billion average estimate based on two analysts.
Total non-interest income: $20.13 million versus $18.20 million estimated by three analysts on average.
Net Interest Income: $88.53 million compared to the $90.10 million average estimate based on two analysts.
Shares of Berkshire Hills have returned +26.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Berkshire Hills (BHLB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Berkshire Hills Bancorp (BHLB - Free Report) reported revenue of $108.67 million, down 2.8% over the same period last year. EPS came in at $0.55, compared to $0.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $108.46 million, representing a surprise of +0.19%. The company delivered an EPS surprise of +7.84%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Berkshire Hills performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 63.4% versus the three-analyst average estimate of 66.6%.
- Net interest margin, FTE: 3.2% versus the three-analyst average estimate of 3.2%.
- Average Balance - Total earning assets: $11.14 billion compared to the $11.17 billion average estimate based on two analysts.
- Total non-interest income: $20.13 million versus $18.20 million estimated by three analysts on average.
- Net Interest Income: $88.53 million compared to the $90.10 million average estimate based on two analysts.
View all Key Company Metrics for Berkshire Hills here>>>Shares of Berkshire Hills have returned +26.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.