Brighthouse Financial (NASDAQ:BHF) Third Quarter 2022 Results
Key Financial Results
Revenue: US$1.48b (down 41% from 3Q 2021).
Net loss: US$702.0m (down by 295% from US$361.0m profit in 3Q 2021).
US$9.76 loss per share (down from US$4.37 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brighthouse Financial Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 22%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Insurance industry in the US.
The company's shares are down 11% from a week ago.
You still need to take note of risks, for example - Brighthouse Financial has 2 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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