Berkshire Hills Bancorp, Inc. (NYSE:BHLB) is reporting second quarter earnings results on Wednesday 29th July 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.19 per share from $ 87.37 million in revenue.
For the full year, analysts predict revenues of $ 358.40 million, while looking forward to loss of $ 0.79 per share.
Previous Quarter Performance
Berkshire Hills Bancorp, Inc. outlined loss for the first quarter of $ 0.07 per share, from the revenue of $ 86.43 million. The quarterly revenues developed 1.14 percent compared with the same quarter last year. Street analysts expected Berkshire Hills Bancorp, Inc. to report income of $ 0.51 per share on revenue of $ 86.31 million for the first quarter. The bottom line results missed street analysts by $ 0.58 or 113.73 percent, at the same time, top line results outshined analysts by $ 0.12 million or 0.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BHLB was $ 10.59, representing a 15.74 % increase from the 52 week low of $ 9.15 and a 68.59 % decrease over the 52 week high of $ 33.72.
The company has a market capital of $ 531.46 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Berkshire Hills Bancorp, Inc. operates as a bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans.
