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Are Investors Undervaluing Brighthouse Financial (BHF) Right Now?
ZACKS· 2024-09-09 14:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believ ...
Brighthouse Financial (BHF) Up 5.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-06 16:37
It has been about a month since the last earnings report for Brighthouse Financial (BHF) . Shares have added about 5.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Brighthouse Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Brighthouse Q2 Earnings and ...
Here's Why Investors Should Buy Brighthouse Financial (BHF) Now
ZACKS· 2024-08-23 14:55
Brighthouse Financial, Inc.'s (BHF) higher annuity and life insurance sales, a conservative investment strategy, asset growth, improved interest rates and sufficient liquidity make it worth adding to one's portfolio. Growth Projections The Zacks Consensus Estimate for Brighthouse Financial's 2024 earnings per share indicates a year-over-year increase of 27.6%. The consensus estimate for revenues is pegged at $8.68 billion, implying a year-over-year improvement of 3.6%. The consensus estimate for 2025 earnin ...
Is Brighthouse Financial (BHF) Stock Undervalued Right Now?
ZACKS· 2024-08-12 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation met ...
Brighthouse Financial(BHF) - 2024 Q2 - Quarterly Report
2024-08-08 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number: 001-37905 Brighthouse Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 81-3846992 (State or other jurisd ...
Brighthouse Financial(BHF) - 2024 Q2 - Earnings Call Transcript
2024-08-08 15:33
Brighthouse Financial, Inc. (NASDAQ:BHF) Q2 2024 Results Conference Call August 8, 2024 8:00 AM ET Company Participants Dana Amante - Head of IR Eric Steigerwalt - President & CEO Ed Spehar - EVP & CFO John Rosenthal - EVP & CIO Myles Lambert - EVP and Chief Distribution and Marketing Officer David Rosenbaum - Head of Products & Underwriting Conference Call Participants Wes Carmichael - Autonomous Research Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Suneet Kamath - Jefferies Wilma Burdis - Raymon ...
Brighthouse: Weak Capital Limits Upside (Rating Downgrade)
Seeking Alpha· 2024-08-08 07:00
> Signing up for a secure future shapecharge Shares of Brighthouse Financial (NASDAQ:BHF) have been a poor performer over the past year, losing 19% even as other annuity providers like Jackson Financial (JXN) and Equitable (EQH) have rallied. The pain is likely to continue, with BHF reporting a very disappointing Q2 on Tuesday. I last covered BHF in May when I opted to keep shares a "buy" despite a weak Q1. In hindsight, I gave too much attention to its low valuation and not enough to its weak results, with ...
Brighthouse Financial (BHF) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-08 00:01
Core Insights - Brighthouse Financial (BHF) reported revenue of $2.22 billion for Q2 2024, a year-over-year increase of 2.6% and exceeding the Zacks Consensus Estimate of $2.2 billion by 0.86% [1] - The company achieved an EPS of $5.57, up from $4.13 a year ago, representing a surprise of 27.75% compared to the consensus estimate of $4.36 [1] Revenue and Earnings Metrics - Premiums amounted to $181 million, below the estimated $212.23 million [3] - Other Revenues were reported at $141 million, exceeding the estimate of $131.43 million [4] - Net investment income reached $1.31 billion, slightly above the average estimate of $1.29 billion [5] - Universal life and investment-type product policy fees were $580 million, lower than the estimated $591.81 million [6] - Total adjusted revenues for Run-off were $429 million, compared to the estimate of $435.85 million [7] - Total adjusted revenues for Life were $297 million, below the estimated $310.61 million [8] - Total adjusted revenues for Annuities were $1.31 billion, slightly above the estimate of $1.28 billion [9] - Total adjusted revenues for Corporate & Other were $178 million, exceeding the estimate of $168.49 million [10] Adjusted Earnings Metrics - Adjusted earnings for Annuities were $332 million, surpassing the estimate of $298.27 million [11] - Adjusted earnings for Corporate & Other were $2 million, significantly better than the estimated -$71.05 million [12] - Adjusted earnings for Run-off were -$30 million, better than the estimate of -$38.71 million [13] - Adjusted earnings for Life were $42 million, exceeding the estimate of $12.86 million [14] Stock Performance - Brighthouse Financial shares returned +0.5% over the past month, while the Zacks S&P 500 composite declined by -5.9% [14] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [14]
Brighthouse Financial (BHF) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-07 23:25
Brighthouse Financial (BHF) came out with quarterly earnings of $5.57 per share, beating the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $4.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.75%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $3.96 per share when it actually produced earnings of $4.25, delivering a surprise of 7.32%. Over the ...
Brighthouse Financial(BHF) - 2024 Q2 - Quarterly Results
2024-08-07 20:23
Brighthouse Financial, Inc. Financial Supplement Second Quarter 2024 Exhibit 99.2 Financial Results 1 Key Metrics 2 GAAP Statements of Operations 3 GAAP Balance Sheets Earnings and Select Metrics from Segments and Corporate & Other 5 Statements of Adjusted Earnings by Segment and Corporate & Other 7 Annuities — Statements of Adjusted Earnings 8 Annuities — Select Operating Metrics 10 Life — Statements of Adjusted Earnings 11 Life — Select Operating Metrics 13 Run-off — Statements of Adjusted Earnings 14 Run ...