Bread Financial Holdings’ BFH operating earnings of 25 cents per share for the second quarter of 2022 missed the Zacks Consensus Estimate by 88.9%. The bottom line plunged about 96% year over year.Bread Financial Holdings, Inc. Price, Consensus and EPS Surprise Bread Financial Holdings, Inc. price-consensus-eps-surprise-chart | Bread Financial Holdings, Inc. QuoteBehind the HeadlinesRevenues decreased 11.9% year over year to $893 million, resulting from higher average loan balances and improved loan yields, partially offset by a $21 million write-down in the carrying value of our equity method investment in Loyalty Ventures Inc. The top line missed the consensus estimate by 0.9%.Credit sales increased 10% to $8.1 billion as consumer spending continued to recover. Average receivables of $17 billion were up 11% year over year.Total interest income increased 17% to $1.1 billion. The net interest margin expanded 130 basis points to 18.6%.Total non-interest expenses increased 12%, primarily attributable to an increase in compensation, marketing expenses and investments in the Bread Pay platform as part of the technology modernization initiative.The delinquency rate of 4.4% deteriorated 110 basis points year over year, while the net loss rate of 5.6% deteriorated 50 basis points from the year-ago period.Pre-tax pre-provision earnings increased 24% year over year to $420 million, reflecting profitable loan growth and improved funding cost.Financial UpdateAs of Jun 30, 2022, cash and cash equivalents was $3.1 billion, up 2.1% from the 2021 level.At quarter-end, the debt level was down 1.2% from 2021-end to about $2 billion.Tangible book value of $31.75 per share as of Jun 30, 2022 improved 17.1% over 2021 end.Cash from operations increased 1.4% year over year to $743 million in the first half of 2022. Capital expenditure at Bread Financial increased 22.9% year over year to $43 million in the same period.Dividend UpdateThe board of directors approved a quarterly dividend of 21 cents to be paid out on Sep 16 to stockholders of record as of Aug 12.2022 GuidanceManagement estimates average receivables growth in the low double-digit range from the 2021 level.Total revenue growth is expected to be closely aligned with average loan growth.Total non-interest expenses are expected to reflect positive operating leverage.Total expenses will increase in 2022, given the ongoing investment in technology modernization, digital advancement, marketing, and product innovation, along with strong portfolio growth.The net loss rate is guided in the low-to-mid 5% range.Zacks RankBread Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Players From the IndustryMastercard Incorporated MA reported second-quarter 2022 earnings of $2.56 per share, which beat the Zacks Consensus Estimate by 8.5% and climbed 31% year over year. Net revenues improved 21% year over year to $5.5 billion and outpaced the consensus mark by 4.3%.GDV (representing the aggregated dollar amount of purchases made and cash disbursements obtained from MasterCard-branded cards) rose 14% year over year on a local-currency basis to $2.1 trillion during the second quarter. Cross-border volumes (a key measure that tracks spending on cards beyond the issuing country) soared 58% year over year on a local-currency basis.Switched transactions, which indicate the number of times a company’s products are used to facilitate transactions, advanced 12% year over year to 30.4 billion.Visa Inc.’s V third-quarter fiscal 2022 earnings of $1.98 per share beat the Zacks Consensus Estimate by 13.8% and improved 33% year over year. Net revenues of $7.3 billion climbed 19% year over year and outpaced the consensus mark by 3.1%.Payments volume of Visa on a constant-dollar basis climbed 12% year over year. On a constant-dollar basis, the total cross-border volume of Visa improved 40% year over year.Upcoming ReleaseGlobal Payments GPN is set to report second-quarter 2022 results on Aug 1. The Zacks Consensus Estimate for the second quarter is pegged at $2.36, indicating an increase of 15.7% from the year-ago reported figure.Global Payments delivered an earnings surprise in the last four quarters. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report Global Payments Inc. (GPN): Free Stock Analysis Report Bread Financial Holdings, Inc. (BFH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research