Brighthouse Financial (BHF) Lags Q2 Earnings and Revenue Estimates

Core Insights - Brighthouse Financial reported quarterly earnings of $3.43 per share, missing the Zacks Consensus Estimate of $4.7 per share, and down from $5.57 per share a year ago, representing an earnings surprise of -27.02% [1] - The company posted revenues of $2.15 billion for the quarter, missing the Zacks Consensus Estimate by 2.09% and down from $2.22 billion year-over-year [2] - The stock has underperformed the market, losing about 1.2% since the beginning of the year compared to the S&P 500's gain of 7.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.97 on revenues of $2.24 billion, and for the current fiscal year, it is $18.40 on revenues of $8.84 billion [7] - The estimate revisions trend for Brighthouse Financial was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Insurance - Life Insurance industry, to which Brighthouse Financial belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]