Recap: Brighthouse Finl Q4 Earnings
Portfolio Pulse from Benzinga Insights
Brighthouse Financial (NASDAQ:BHF) reported Q4 earnings with an EPS of $2.92, missing the estimated $3.69 by 20.87%. Revenue increased by $65.00 million from the same period last year. In the previous quarter, BHF beat EPS estimates but experienced a 2.71% share price drop the following day. The company's past earnings performance shows variability in meeting EPS estimates and revenue figures.
February 12, 2024 | 9:30 pm
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NEGATIVE IMPACT
Brighthouse Financial reported a significant miss in Q4 earnings with an EPS of $2.92 against the estimated $3.69, but saw an increase in revenue by $65 million from the previous year.
The significant miss in EPS estimates for Q4 is likely to negatively impact investor sentiment and could lead to a short-term decrease in BHF's stock price, similar to the previous quarter's performance post-earnings announcement. However, the increase in revenue might offset some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100