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

Bright Horizons Family Solutions

01/11/2023 22:37

* Bright Horizons Family Solutions Inc  BFAM.N  reported
quarterly
adjusted earnings of 88 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 66 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 78 cents to 86
cents per share.
    * Revenue rose 19.5% to $645.79 million from a year ago;
analysts
expected $619.03 million. 
    * Bright Horizons Family Solutions Inc's reported EPS for
the
quarter was 69 cents​.
    * The company reported quarterly net income of $39.98
million.
    * Bright Horizons Family Solutions Inc shares had fallen
by 9.1%
this quarter and gained 17.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 3 "strong buy" or "buy," 6
"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 $90.50 
This summary was machine generated from LSEG data November 1 at
10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.81           0.88           Beat
 Jun. 30 2023      0.60           0.64           Beat
 Mar. 31 2023      0.39           0.49           Beat
 Dec. 31 2022      0.76           0.77           Beat