Brighthouse Financial, Inc. (NasdaqGS:BHF) is scheduled to report Q3 earnings results after markets close for trading on November 5, 2020.
The company is expected to report earnings of $2.44/share on revenue of $2.023 billion. The consensus earnings per share (EPS) of $2.44/share is based on a poll of 10 analysts and represents a growth in eps of 260.3% over the same quarter last year, when the company reported earnings of -$1.52/share.
The revenue forecast of $2.023 billion based on a poll of 5 analysts implies a year-over-year (YoY) decline in revenue of −0.6%. Last year the company reported $2.035 billion in revenue for the quarter.
| Metric | Expected | Prior Year | YoY Change |
|---|---|---|---|
| Revenue | $2,022.99 | $2,035.00 | −0.6% |
| EPS | $2.44 | -$1.52 | 260.3% |
Earnings Call Trends
Historically, management has exceeded analyst expectations 3 out of the last 8 tracked quarters, and missed expectations 4 quarters.
What are your expectations from Brighthouse Financial, Inc. for earnings this quarter? Let us know in the comments!
| Quarter | Expected | Reported | Surprise | Result |
|---|---|---|---|---|
| Q2, 2020 | $1.26 | $0.11 | −91.3% | Missed |
| Q1, 2020 | $1.74 | $2.01 | 15.6% | Beat |
| Q4, 2019 | $2.33 | $2.61 | 12.2% | Beat |
| Q3, 2019 | $2.19 | -$1.52 | −169.4% | Missed |
| Q2, 2019 | $2.27 | $2.19 | −3.5% | Missed |
| Q1, 2019 | $2.07 | $1.98 | −4.4% | Missed |
| Q4, 2018 | $1.63 | $1.56 | −4.5% | Missed |
| Q3, 2018 | $2.06 | $2.23 | 8.2% | Beat |
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 3.5%.
| Report Date | Price Day Prior | Price Next Day | Change % | Result |
|---|---|---|---|---|
| August 6, 2020 | $29.68 | $30.73 | 3.5% | Increase |
| May 11, 2020 | $28.73 | $26.96 | −6.2% | Decline |
| February 10, 2020 | $42.21 | $46.60 | 10.4% | Increase |
| November 4, 2019 | $39.05 | $41.05 | 5.1% | Increase |
Fundamentals And Technical Analysis
Brighthouse Financial, Inc. is currently trading at $30.10/share, up 1.6% for the day. The company is trading at approximately 63.0% of its 52-week high of $48.25/share. The company’s stock price is down −2.1% since the last earnings report and down −4.0% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 44.25 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 1.11 and a forward P/E multiple of 4.07.
Brighthouse Financial, Inc.’s current share price also implies a price-to-book (P/B) multiple of 0.14. The following table summarizes some other key fundamental ratios:
| Metric | Value |
|---|---|
| Last Reported Fiscal Period Key | FY2020.Q2 |
| Period End Date | June 30, 2020 |
| Stock Price (Current) | $30.10 |
| P/E Ratio | 1.1x |
| P/E Ratio (Fwd) | 4.1x |
| PEG Ratio | 0.0 |
| Total Debt / Total Capital | 81.2% |
| Levered Free Cash Flow | $1.486 billion |
| Price To Sales | 0.2x |
Brighthouse Financial, Inc. is a mid-cap stock with a market capitalization of $2.756 billion and a total enterprise value of $7.681 billion. The company operates in the Financials sector and the Insurance industry.
Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. The Life segment provides term, universal, whole, and variable life products for policyholders’ needs for financial security and protected wealth transfer. The Run-off segment provides structured settlements, pension risk transfer contracts, certain company-owned life insurance policies, funding agreements, and universal life with secondary guarantees. The company was founded in 2016 and is headquartered in Charlotte, North Carolina.
