We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Bread Financial (BFH) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended June 2024, Bread Financial Holdings (BFH - Free Report) reported revenue of $939 million, down 1.4% over the same period last year. EPS came in at $2.66, compared to $1.27 in the year-ago quarter.
The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $918.68 million. With the consensus EPS estimate being $1.60, the EPS surprise was +66.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bread Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 18% versus 18% estimated by three analysts on average.
Efficiency Ratio: 49.9% compared to the 55.3% average estimate based on three analysts.
Net principal losses as a percentage of average credit card and other loans (Net loss rate): 8.6% versus the two-analyst average estimate of 8.5%.
Common equity tier 1 Capital Ratio: 13.8% versus the two-analyst average estimate of 16%.
Total Risk-based Capital Ratio: 15.1% compared to the 17.4% average estimate based on two analysts.
Total interest income: $1.23 billion versus $1.21 billion estimated by five analysts on average.
Interest on cash and investment securities: $54 million versus $52.03 million estimated by five analysts on average.
Interchange revenue, net of retailer shares arrangements: -$84 million compared to the -$93.28 million average estimate based on five analysts.
Interest and fees on loans: $1.17 billion versus $1.16 billion estimated by five analysts on average.
Net interest income: $987 million compared to the $969.71 million average estimate based on five analysts.
Total non-interest income: -$48 million versus -$62.46 million estimated by five analysts on average.
Other Non-Interest Income: $31 million versus $30.80 million estimated by five analysts on average.
Shares of Bread Financial have returned +16% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Bread Financial (BFH) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Bread Financial Holdings (BFH - Free Report) reported revenue of $939 million, down 1.4% over the same period last year. EPS came in at $2.66, compared to $1.27 in the year-ago quarter.
The reported revenue represents a surprise of +2.21% over the Zacks Consensus Estimate of $918.68 million. With the consensus EPS estimate being $1.60, the EPS surprise was +66.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bread Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 18% versus 18% estimated by three analysts on average.
- Efficiency Ratio: 49.9% compared to the 55.3% average estimate based on three analysts.
- Net principal losses as a percentage of average credit card and other loans (Net loss rate): 8.6% versus the two-analyst average estimate of 8.5%.
- Common equity tier 1 Capital Ratio: 13.8% versus the two-analyst average estimate of 16%.
- Total Risk-based Capital Ratio: 15.1% compared to the 17.4% average estimate based on two analysts.
- Total interest income: $1.23 billion versus $1.21 billion estimated by five analysts on average.
- Interest on cash and investment securities: $54 million versus $52.03 million estimated by five analysts on average.
- Interchange revenue, net of retailer shares arrangements: -$84 million compared to the -$93.28 million average estimate based on five analysts.
- Interest and fees on loans: $1.17 billion versus $1.16 billion estimated by five analysts on average.
- Net interest income: $987 million compared to the $969.71 million average estimate based on five analysts.
- Total non-interest income: -$48 million versus -$62.46 million estimated by five analysts on average.
- Other Non-Interest Income: $31 million versus $30.80 million estimated by five analysts on average.
View all Key Company Metrics for Bread Financial here>>>Shares of Bread Financial have returned +16% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.