Brighthouse Monetary (BHF) got here out with quarterly earnings of $3.99 per share, lacking the Zacks Consensus Estimate of $4.50 per share. This compares to earnings of $4.18 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -11.33%. 1 / 4 in the past, it was anticipated that this annuity and life insurance coverage firm would submit earnings of $4.36 per share when it really produced earnings of $5.57, delivering a shock of 27.75%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Brighthouse Monetary
The sustainability of the inventory’s speedy worth motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Brighthouse Monetary shares have misplaced about 0% for the reason that starting of the 12 months versus the S&P 500’s achieve of 24.3%.
What’s Subsequent for Brighthouse Monetary?
Whereas Brighthouse Monetary has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Brighthouse Monetary: favorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $4.44 on $2.22 billion in revenues for the approaching quarter and $18.64 on $8.71 billion in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Insurance coverage – Life Insurance coverage is at the moment within the high 20% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the broader Zacks Finance sector, Pagaya Applied sciences Ltd. (PGY), is but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 12.
This firm is predicted to submit quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +4.2%. The consensus EPS estimate for the quarter has been revised 100% larger over the past 30 days to the present stage.
Pagaya Applied sciences Ltd.’s revenues are anticipated to be $253.97 million, up 26.1% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
