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

Brighthouse Financial

08/08/2024 06:40

* Brighthouse Financial Inc  BHF.OQ  reported quarterly
adjusted
earnings of $5.57​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $4.13.  The mean expectation of eight analysts
for the quarter was for earnings of $4.37 per share. Wall Street
expected results to range from $4.23  to $4.47 per share.
    * Revenue rose 3.3% to $2.21 billion from a year ago;
analysts
expected $2.21 billion. 
    * Brighthouse Financial Inc's reported EPS for the quarter
was 12
cents​.
    * The company reported quarterly net income of $9 million.
    * Brighthouse Financial Inc shares had risen by 2.4% this
quarter and lost 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% 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 1 "strong buy" or "buy," 6
"hold" and 2 "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 $49.00 
This summary was machine generated from LSEG data August 8 at
05:40 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
 Jun. 30 2024      4.37           5.57           Beat
 Mar. 31 2024      3.87           4.25           Beat
 Dec. 31 2023      3.69           2.73           Missed
 Sep. 30 2023      3.91           4.18           Beat