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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Berkshire Hills Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Berkshire Hills Bancorp has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]