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Here's What Key Metrics Tell Us About Bright Horizons (BFAM) Q1 Earnings

Zacks Equity Research
·2 min read

For the quarter ended March 2024, Bright Horizons Family Solutions (BFAM) reported revenue of $622.71 million, up 12.5% over the same period last year. EPS came in at $0.51, compared to $0.49 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $614.6 million, representing a surprise of +1.32%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $0.45.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Bright Horizons performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Full service center-based child care: $483.64 million compared to the $476.39 million average estimate based on two analysts. The reported number represents a change of +12.4% year over year.

  • Revenue- Educational advisory and other services: $24.40 million versus the two-analyst average estimate of $26.94 million. The reported number represents a year-over-year change of -9.9%.

  • Revenue- Back-up care: $114.67 million compared to the $109.94 million average estimate based on two analysts. The reported number represents a change of +19% year over year.

  • Income from operations- Full service center-based child care: $21.44 million versus $8.08 million estimated by two analysts on average.

  • Income from operations- Educational advisory and other services: $2.51 million versus $4.78 million estimated by two analysts on average.

  • Income from operations- Back-up care: $15.98 million versus the two-analyst average estimate of $22.78 million.

View all Key Company Metrics for Bright Horizons here>>>

Shares of Bright Horizons have returned -6.1% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Bright Horizons Family Solutions Inc. (BFAM) : Free Stock Analysis Report

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Zacks Investment Research