Bread Finl Hldgs Q1 2024 GAAP EPS $2.70 Misses $3.21 Estimate, Sales $991.000M Miss $996.988M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bread Finl Hldgs (NYSE:BFH) reported Q1 2024 earnings of $2.70 per share, missing the $3.21 estimate, and sales of $991M, below the $996.988M estimate. This represents a 23.12% decrease in sales compared to the same period last year.
April 25, 2024 | 10:53 am
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NEGATIVE IMPACT
Bread Finl Hldgs reported lower than expected Q1 2024 earnings and sales, with a significant year-over-year sales decrease.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors in this analysis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100