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

Bright Horizons Family Solutions

02/08/2024 24:27

* Bright Horizons Family Solutions Inc  BFAM.N  reported
quarterly
adjusted earnings of 88 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 64 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 70 cents to 75
cents per share.
    * Revenue rose 11.1% to $670.06 million from a year ago;
analysts
expected $665.68 million. 
    * Bright Horizons Family Solutions Inc's reported EPS for
the
quarter was 67 cents​.
    * The company reported quarterly net income of $39.17
million.
    * Bright Horizons Family Solutions Inc shares had risen
by 9.2%
this quarter and gained 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $117.00 
This summary was machine generated from LSEG data August 1 at
11:27 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
 Jun. 30 2024      0.73           0.88           Beat
 Mar. 31 2024      0.46           0.51           Beat
 Dec. 31 2023      0.73           0.83           Beat
 Sep. 30 2023      0.81           0.88           Beat