Brighthouse Financial Inc reports results for the quarter ended September 30 - Earnings Summary

Brighthouse Financial

08/11/2024 21:02

* Brighthouse Financial Inc  BHF.OQ  reported quarterly
adjusted
earnings of $3.99​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $4.18.  The mean expectation of nine analysts
for the quarter was for earnings of $4.50 per share. Wall Street
expected results to range from $4.19  to $4.67 per share.
    * Revenue rose 5.2% to $2.17 billion from a year ago;
analysts
expected $2.23 billion. 
    * Brighthouse Financial Inc's reported EPS for the quarter
was
$2.47​.
    * The company reported quarterly net income of $150 million.
    * Brighthouse Financial Inc shares had risen by 13.5% this
quarter and lost 3.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 1 "strong buy" or "buy," 6
"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 48.00 
This summary was machine generated from LSEG data November 8 at
09:02 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      4.50           3.99           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