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Bread Financial (BFH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Bread Financial Holdings (BFH - Free Report) reported revenue of $991 million, down 23.1% over the same period last year. EPS came in at $2.73, compared to $9.08 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $994.67 million. With the consensus EPS estimate being $2.92, the EPS surprise was -6.51%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 18.7% compared to the 19.1% average estimate based on three analysts.
Efficiency Ratio: 48.6% versus the three-analyst average estimate of 53.7%.
Common equity tier 1 Capital Ratio: 12.6% versus the two-analyst average estimate of 15.3%.
Total interest income: $1.30 billion compared to the $1.30 billion average estimate based on five analysts.
Interest on cash and investment securities: $53 million versus the five-analyst average estimate of $51.82 million.
Interchange revenue, net of retailer shares arrangements: -$92 million versus -$85.63 million estimated by five analysts on average.
Interest and fees on loans: $1.25 billion versus $1.24 billion estimated by five analysts on average.
Net interest income: $1.05 billion compared to the $1.04 billion average estimate based on five analysts.
Total non-interest income: -$61 million versus the five-analyst average estimate of -$49.42 million.
Other Non-Interest Income: $31 million versus the five-analyst average estimate of $36.19 million.
Shares of Bread Financial have returned -5.6% over the past month versus the Zacks S&P 500 composite's -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.
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Bread Financial (BFH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Bread Financial Holdings (BFH - Free Report) reported revenue of $991 million, down 23.1% over the same period last year. EPS came in at $2.73, compared to $9.08 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $994.67 million. With the consensus EPS estimate being $2.92, the EPS surprise was -6.51%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 18.7% compared to the 19.1% average estimate based on three analysts.
- Efficiency Ratio: 48.6% versus the three-analyst average estimate of 53.7%.
- Common equity tier 1 Capital Ratio: 12.6% versus the two-analyst average estimate of 15.3%.
- Total interest income: $1.30 billion compared to the $1.30 billion average estimate based on five analysts.
- Interest on cash and investment securities: $53 million versus the five-analyst average estimate of $51.82 million.
- Interchange revenue, net of retailer shares arrangements: -$92 million versus -$85.63 million estimated by five analysts on average.
- Interest and fees on loans: $1.25 billion versus $1.24 billion estimated by five analysts on average.
- Net interest income: $1.05 billion compared to the $1.04 billion average estimate based on five analysts.
- Total non-interest income: -$61 million versus the five-analyst average estimate of -$49.42 million.
- Other Non-Interest Income: $31 million versus the five-analyst average estimate of $36.19 million.
View all Key Company Metrics for Bread Financial here>>>Shares of Bread Financial have returned -5.6% over the past month versus the Zacks S&P 500 composite's -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.