Berkshire Hills Bancorp Earnings: What Investors Should Watch
Berkshire Hills Bancorp (NASDAQ:BHLB) will report earnings after markets close on Wednesday, July 24th. Berkshire Hills Bancorp, Inc. is the holding company for Berkshire Bank. The Bank is a Massachusetts chartered savings bank which operates in Pittsfield and Berkshire County in Massachusetts. Berkshire Bank also makes loans in eastern New York, northern Connecticut, southern Vermont, and western Massachusetts.
Here is your Cheat Sheet to Berkshire Hills Bancorp Earnings:
Earnings Expectations: Analysts expect earnings of $0.55 per share on revenues of $56.93 million. Currently, the company’s P/E ratio stands at 17.64.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.55. For the current year, the average estimate is a profit of $2.2, which is worse than the estimate ninety days ago.
Here’s how Berkshire Hills Bancorp has been performing on an annual basis:
|Revenue ($) in millions||165||144||143||174||230|
|Diluted EPS ($)||2.06||-1.52||0.99||0.98||1.49|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||54.94||57.44||69.14||65.68|
|Diluted EPS ($)||0.37||0.46||0.38||0.42|
Berkshire Hills Bancorp has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)