Bread Financial Q3 revenue slightly beats

Bread Financial Holdings

Thu 12:10

Overview
US payment solutions provider's Q3 revenue slightly beat analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised quarterly common stock dividend by 9%

Outlook
Company raises quarterly common dividend to $0.25 per share

Result Drivers
DIVIDEND INCREASE - Co raised quarterly common stock dividend by 9% for Q4

Company press release: ID:nGNX4R565V

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$1.02 bln
$1.01 bln (13 Analysts)
Q3 Adjusted EPS
Beat
$3.84
$3.26 (16 Analysts)
Q3 Credit Loss Provision
 
$321 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for Bread Financial Holdings, Inc. is $115.00, about 5.9% above its October 21 closing price of $108.63
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Oct 20 - Synchrony Financial's Q3 net earnings fall 17%
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 21 - Pressure on lower-income US households raises delinquency risks, Morningstar DBRS says 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)