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 Provides Performance Update for October 2024GlobeNewswire
- This Reddit user said no to spending his $3K bonus on a pricey wedding gift for his wife's best friend. Is he right? [Yahoo! Finance]Yahoo! Finance
- Bread Financial to Participate in KBW’s Fintech & Payments ConferenceGlobeNewswire
- Nikon Z50 II Mirrorless Camera Delivers Powerful Tools for Content Creators; YouTube Video First Look Z50 II Camera and Preorder Info at B&H [Yahoo! Finance]Yahoo! Finance
- Bread Financial Holdings, Inc. (NYSE: BFH) had its price target raised by analysts at Evercore ISI from $52.00 to $54.00. They now have an "in-line" rating on the stock.MarketBeat
BFH
Earnings
- 10/24/24 - Miss
BFH
Sec Filings
- 11/14/24 - Form 8-K
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 4
- BFH's page on the SEC website