Bright Horizons Family Solutions Inc BFAM.N reported quarterly adjusted earnings of $1.07 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of nine analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 98 cents to $1.03 per share.
Revenue rose 9.2% to $731.57 million from a year ago; analysts expected $724.32 million.
Bright Horizons Family Solutions Inc's reported EPS for the quarter was 95 cents.
The company reported quarterly net income of $54.78 million.
Bright Horizons Family Solutions Inc shares had fallen by 8.1% this quarter and gained 2.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3.3% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the personal services peer group is also "buy"
Wall Street's median 12-month price target for Bright Horizons Family Solutions Inc is $142.00, about 20.4% above its last closing price of $113.10
This summary was machine generated from LSEG data July 31 at 10:13 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)