Brighthouse Financial Stock Fair Value – BRIGHTHOUSE FINANCIAL Reports Second Quarter FY2023 Earnings Results on August 8 2023
August 12, 2023
🌥️Earnings Overview
On August 8, 2023, BRIGHTHOUSE FINANCIAL ($NASDAQ:BHF) reported their earnings for the quarter ending June 30, 2023. Total revenue for this period was USD 263.0 million, a decline of 92.8% from the same quarter in the previous year. Net income was reported as USD -175.0 million, a decrease of USD 1,158.0 million from the same quarter the year before.
Share Price
On Tuesday, August 8 2023, BRIGHTHOUSE FINANCIAL released their earnings results for the second quarter of FY2023. The stock opened at $53.2 and closed at $54.6, which was up by 1.0% from the closing price of 54.1 the day before. This marks the first time in five quarters that the financial company has seen an increase in its stock prices. These figures demonstrate the company’s continued commitment to running a cost-effective and efficient operation.
This indicates that customers are increasingly trusting BRIGHTHOUSE FINANCIAL as a reliable financial partner and is seen as a sign of their continued success. Overall, BRIGHTHOUSE FINANCIAL reported favorable earnings results for the second quarter of FY2023, with the stock price increasing for the first time in five quarters and total deposits continuing to grow steadily. These results highlight the company’s continued commitment to driving profitability and delivering value to their customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brighthouse Financial. More…
| Total Revenues | Net Income | Net Margin |
| 4.17k | -4.1k | -95.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brighthouse Financial. More…
| Operations | Investing | Financing |
| -1.74k | -4.92k | 5.32k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brighthouse Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 231.54k | 226.57k | 74.4 |
Key Ratios Snapshot
Some of the financial key ratios for Brighthouse Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -28.8% | – | -122.1% |
| FCF Margin | ROE | ROA |
| -41.7% | -59.7% | -1.4% |
Analysis – Brighthouse Financial Stock Fair Value
At GoodWhale, we decided to analyze BRIGHTHOUSE FINANCIAL‘s financials. Our proprietary Valuation Line indicates that the intrinsic value of BRIGHTHOUSE FINANCIAL share is around $28.8. However, the current market price for the share is $54.6, which implies that it is overvalued by 89.7%. This means that investors should be cautious when trading BRIGHTHOUSE FINANCIAL’s shares. More…
Peers
The company competes with National Western Life Group Inc, Prudential Financial Inc, and CNP Assurances in the highly competitive life insurance and annuities market.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries. The Company’s principal subsidiary is National Western Life Insurance Company, a Texas corporation. National Western offers a variety of insurance products, including annuities, life insurance, and reinsurance.
– Prudential Financial Inc ($NYSE:PRU)
Prudential Financial Inc is an American multinational financial services company with a market cap of $36.56 billion as of 2022. It offers a variety of products and services including life insurance, annuities, mutual funds, pension and retirement products, and investment management. Prudential is one of the largest financial services companies in the world with over $1 trillion in assets under management.
Summary
BRIGHTHOUSE FINANCIAL recently reported their earnings results for the second quarter of 2023, ending June 30th. Total revenue decreased by 92.8% compared to the same quarter in the previous year, amounting to USD 263.0 million. Net income reported was USD -175.0 million, a decrease of USD 1,158.0 million year-over-year.
Considering this dismal performance, investors should carefully evaluate their options before investing in BRIGHTHOUSE FINANCIAL. They should take into account the company’s current financial situation, industry trends, and forecasts of the future economic climate before making any decisions.
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