Brighthouse Financial (BHF) shares ended the last trading session 13.8% higher at $53.88. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.3% loss over the past four weeks.
BHF's shares surged in response to the broader market rally after President Trump announced a 90-day pause of reciprocal tariffs for most countries.
This annuity and life insurance company is expected to post quarterly earnings of $4.79 per share in its upcoming report, which represents a year-over-year change of +12.7%. Revenues are expected to be $2.29 billion, up 11.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Brighthouse Financial, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on BHF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Brighthouse Financial is part of the Zacks Insurance - Life Insurance industry. GoHealth (GOCO), another stock in the same industry, closed the last trading session 3.6% higher at $10.21. GOCO has returned -28.3% in the past month.
GoHealth's consensus EPS estimate for the upcoming report has changed +10.6% over the past month to -$0.26. Compared to the company's year-ago EPS, this represents a change of +70.8%. GoHealth currently boasts a Zacks Rank of #1 (Strong Buy).
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
