Brighthouse Financial, Inc. (NASDAQ:BHF) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.51 per share.
For the full year, analysts predict revenues of $ 7879.92 million, while looking forward to income of $ 7.63 per share.
Previous Quarter Performance
Brighthouse Financial, Inc. unwinded income for the second quarter of $ 0.41 per share, from the revenue of $ 1,765.00 million. The quarterly earnings 83.98 percent while revenues shrunk 18.21 percent compared with the same quarter last year.
According to street consensus, BHF was expected to report 2Q20 income of $ 0.88 per share from revenue of $ 1990.76 million. The bottom line results missed street analysts by $ 0.47 or 53.41 percent, at the same time, top line results fell short of analysts by $ 225.76 million or 11.34 percent.
Stock Performance
Shares of Brighthouse Financial, Inc. traded low $ -1.59 or -4.83 percent on Wednesday, reaching $ 31.32 with volume of 921.30 thousand shares. Brighthouse Financial, Inc. has traded high as $ 32.30 and has cracked $ 31.03 on the downward trend
The closing price of $ 31.32, representing a 173.11 % increase from the 52 week low of $ 12.05 and a 31.79 % decrease over the 52 week high of $ 48.25.
The company has a market capital of $ 2.91 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 30.00 target price.
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off.
