Bread Financial Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Bread Financial Holdings

24/10/2024 17:21

* Bread Financial Holdings Inc  BFH.N  reported quarterly
adjusted
earnings of $1.83​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $3.46.  The mean expectation of fifteen analysts
for the quarter was for earnings of $1.86 per share. Wall Street
expected results to range from $1.04  to $2.62 per share.
    * Revenue fell 14.2% to $983.00 million from a year ago;
analysts
expected $981.28 million. 
    * Bread Financial Holdings Inc's reported EPS for the
quarter was
50 cents​.
    * The company reported quarterly net income of $2 million.
    * Bread Financial Holdings Inc shares had risen by 7.2% this
quarter and gained 54.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"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 $53.00 
This summary was machine generated from LSEG data October 24 at
04:21 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
 Sep. 30 2024      1.86           1.83           Missed
 Jun. 30 2024      1.77           2.66           Beat
 Mar. 31 2024      3.02           2.70           Missed
 Dec. 31 2023      -0.88          0.90           Beat