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

Bread Financial Holdings

26/04/2024 09:20

* Bread Financial Holdings Inc  BFH.N  reported quarterly
adjusted
earnings of $2.70​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $9.08.  The mean expectation of fourteen analysts for the
quarter was for earnings of $3.05 per share. Wall Street
expected results to range from $1.83  to $4.94 per share.
    * Revenue fell 13% to $1.12 billion from a year ago;
analysts
expected $996.99 million. 
    * Bread Financial Holdings Inc's reported EPS for the
quarter was
$2.70​.
    * The company reported quarterly net income of $134 million.
    * Bread Financial Holdings Inc shares had fallen by 1.6%
this
quarter and gained 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
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 3 "strong buy" or "buy," 9
"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 $37.50 
This summary was machine generated from LSEG data April 26 at
08:20 a.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
 Mar. 31 2024      3.05           2.70           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