Brighthouse Financial Inc reports results for the quarter ended March 31 - Earnings Summary

• Brighthouse Financial Inc BHF.OQ reported quarterly adjusted earnings of $4.17​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $4.25. The mean expectation of nine analysts for the quarter was for earnings of $4.55 per share. Wall Street expected results to range from $4.17 to $4.80 per share.

• Revenue rose 17.3% to $2.39 billion from a year ago; analysts expected $2.29 billion.

• Brighthouse Financial Inc's reported EPS for the quarter was a loss of $5.04​.

• The company reported a quarterly loss of $294 million.

• Brighthouse Financial Inc shares had risen by 0.7% this quarter and gained 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "hold"

• Wall Street's median 12-month price target for Brighthouse Financial Inc is $58.50

This summary was machine generated from LSEG data May 9 at 02:16 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)