Bread Financial Earnings: What To Look For From BFH
Financial services company Bread Financial (NYSE:BFH) will be reporting earnings this Thursday before market open. Here’s what to look for.
Bread Financial beat analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, up 4.9% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ net interest margin estimates.
Is Bread Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bread Financial’s revenue to grow 3.2% year on year, a reversal from the 1.1% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bread Financial has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Bread Financial’s peers in the consumer finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Capital One delivered year-on-year revenue growth of 26%, meeting analysts’ expectations, and Synchrony Financial reported revenues up 1.9%, falling short of estimates by 0.7%.
Read our full analysis of Capital One’s results here and Synchrony Financial’s results here.
There has been positive sentiment among investors in the consumer finance segment, with share prices up 5.8% on average over the last month. Bread Financial’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $110 (compared to the current share price of $104.33).
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