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

Brighthouse Financial

13/02/2024 02:22

* Brighthouse Financial Inc  BHF.OQ  reported quarterly
adjusted
earnings of $2.73​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $3.46.  The mean expectation of nine analysts for the
quarter was for earnings of $3.69 per share. Wall Street
expected results to range from $3.15  to $3.98 per share.
    * Revenue rose 4.1% to $2.13 billion from a year ago;
analysts
expected $2.13 billion. 
    * Brighthouse Financial Inc's reported EPS for the quarter
was a
loss of $14.70​.
    * The company reported a quarterly loss of $942 million.
    * Brighthouse Financial Inc shares had fallen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "hold"

Wall Street's median 12-month price target for Brighthouse
Financial Inc is $55.00 
This summary was machine generated from LSEG data February 13 at
02:22 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
 Dec. 31 2023      3.69           2.73           Missed
 Sep. 30 2023      3.91           4.18           Beat
 Jun. 30 2023      3.42           4.13           Beat
 Mar. 31 2023      3.25           2.86           Missed