Overview
Bright Horizons Q3 revenue grows 12% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting improved operational performance
Company attributes success to increased back-up care utilization and enrollment gains
Outlook
Company expects 2025 revenue to be approximately $2.925 bln
Company anticipates 2025 diluted adjusted EPS between $4.48 and $4.53
Result Drivers
BACK-UP CARE UTILIZATION - Higher utilization of back-up care services drove revenue growth, according to CEO Stephen Kramer
ENROLLMENT GAINS - Enrollment growth and tuition price increases at centers contributed to revenue increase
MARGIN IMPROVEMENT - Margin improvements in full-service center-based child care segment boosted income from operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $803 mln | $780.70 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $1.57 | $1.32 (9 Analysts) |
Q3 EPS | $1.37 | ||
Q3 Net Income | $78.60 mln |
Analyst Coverage
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 "buy"
Wall Street's median 12-month price target for Bright Horizons Family Solutions Inc is $135.00, about 31.3% above its October 29 closing price of $92.70
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)