Bread Financial Q3 Earnings Miss Estimates, Revenues Beat [Yahoo! Finance]
Bread Financial Holdings, Inc. (BFH)
Company Research
Source: Yahoo! Finance
The bottom line plunged 88% year over year. Shares lost 1.9% in the last trading session to reflect the underperformance. The quarterly results reflected a drop in credit sales but average loans slightly improved on growth in co-brand programs. The company noted that consumer spending continues to moderate, given normalizing inflation. Loan growth was impacted by proactive credit tightening initiatives, given stricter credit risk management. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Bread Financial Holdings, Inc. price-consensus-eps-surprise-chart | Bread Financial Holdings, Inc. Quote Revenues decreased 4.7% year over year to $983 million, attributable to lower late fees and reduced merchant discount fees. The top line, however, beat the consensus estimate by 0.8%. Credit sales of $6.5 billion decreased 3%, reflecting moderated consumer spending and ongoing strategic credit tightening, partially offset by new partner growth. Average loans of
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BFH
News
- Bread Financial Holdings, Inc. (NYSE: BFH) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $76.00 price target on the stock, up previously from $35.00.MarketBeat
- Here's how UFC legend Georges St-Pierre spent (and saved) his first $1 million — including $20,000 in dino fossils [Yahoo! Finance]Yahoo! Finance
- BFH Stock Soars 95.3% YTD: A Signal for Investors to Hold Tight? [Yahoo! Finance]Yahoo! Finance
- Bread Financial Provides Performance Update for November 2024GlobeNewswire
- Bread Financial Holdings, Inc. (NYSE: BFH) had its price target raised by analysts at Keefe, Bruyette & Woods from $67.00 to $88.00. They now have an "outperform" rating on the stock.MarketBeat
BFH
Earnings
- 10/24/24 - Miss
BFH
Sec Filings
- 12/11/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/14/24 - Form SC
- BFH's page on the SEC website