Berkshire Hills (BHLB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Berkshire Hills Bancorp (BHLB) reported $109.57 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.2%. EPS of $0.58 for the same period compares to $0.50 a year ago.The reported revenue represents a surprise of +0.91% over the Zacks Consensus Estimate of $108.58 million. With the consensus EPS estimate being $0.54, the EPS surprise was +7.41%.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: Net interest margin, FTE: 3.2% versus 3.2% estimated by three analysts on average. Efficiency Ratio: 63.7% compared to the 63.1% average estimate based on three analysts. Total non-interest income: $21.51 million versus the two-analyst average estimate of $19.03 million. Net Interest Income: $88.06 million versus the two-analyst average estimate of $89.17 million. View all Key Company Metrics for Berkshire Hills here>>>Shares of Berkshire Hills have returned +3.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Berkshire Hills Bancorp, Inc. (BHLB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks