Bright Horizons Family Solutions Inc reports results for the quarter ended in January - Earnings Summary

Bright Horizons Family Solutions

03/05/2024 17:11

* Bright Horizons Family Solutions Inc  BFAM.N  reported
quarterly
adjusted earnings of 51 cents​​ per share for the quarter ended
in January, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 46 cents per
share. Wall Street expected results to range from 42 cents to 55
cents per share.
    * Revenue rose 12.5% to $622.71 million from a year ago;
analysts
expected $615.81 million. 
    * Bright Horizons Family Solutions Inc's reported EPS for
the
quarter was 29 cents​.
    * The company reported quarterly net income of $16.99
million.
    * Bright Horizons Family Solutions Inc shares had fallen
by 8.0%
this quarter and gained 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "hold"

Wall Street's median 12-month price target for Bright Horizons
Family Solutions Inc is $110.00 
This summary was machine generated from LSEG data May 3 at 04:11
p.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.46           0.51           Beat
 Dec. 31 2023      0.73           0.83           Beat
 Sep. 30 2023      0.81           0.88           Beat
 Jun. 30 2023      0.60           0.64           Beat