Bread Financial Holdings Inc reports results for the quarter ended in December - Earnings Summary

Bread Financial Holdings

25/01/2024 14:31

* Bread Financial Holdings Inc  BFH.N  reported quarterly
adjusted
earnings of 90 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-2.68.  The mean expectation of
sixteen analysts for the quarter was for a loss of 88 cents per
share. Wall Street expected results to range from $-1.92 to -42
cents per share.
    * Revenue fell 1.5% to $1.02 billion from a year ago;
analysts
expected $986.50 million. 
    * Bread Financial Holdings Inc's reported EPS for the
quarter was
87 cents​.
    * The company reported quarterly net income of $43 million.
    * Bread Financial Holdings Inc shares had fallen by 7.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 175%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Bread Financial
Holdings Inc is $34.00 
This summary was machine generated from LSEG data January 25 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.88          0.90           Beat
 Sep. 30 2023      2.32           3.46           Beat
 Jun. 30 2023      0.15           1.27           Beat
 Mar. 31 2023      6.87           9.08           Beat