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

Bread Financial Holdings

25/07/2024 14:52

* Bread Financial Holdings Inc  BFH.N  reported quarterly
adjusted
earnings of $2.66​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.27.  The mean expectation of sixteen analysts
for the quarter was for earnings of $1.77 per share. Wall Street
expected results to range from $1.46  to $2.08 per share.
    * Revenue fell 1.4% to $939.00 million from a year ago;
analysts
expected $922.31 million. 
    * Bread Financial Holdings Inc's reported EPS for the
quarter was
$2.66​.
    * The company reported quarterly net income of $133 million.
    * Bread Financial Holdings Inc shares had risen by 12.9%
this
quarter and gained 52.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 45.6%
in the last three months.​ 
    * In the last 30 days, two 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," 12
"hold" and 3 "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 $45.14 
This summary was machine generated from LSEG data July 25 at
01:51 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
 Jun. 30 2024      3.02           2.66           Missed
 Mar. 31 2024      3.02           2.70           Missed
 Dec. 31 2023      -0.88          0.90           Beat
 Sep. 30 2023      2.32           3.46           Beat