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Bright Horizons (BFAM)
NYSE:BFAM
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.91Last Year’s EPS
$0.83Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -17.41%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong financial performance with significant growth in revenue and earnings, particularly in the Backup Care segment. However, challenges in enrollment growth, Education Advisory participation, and the UK operations highlight areas needing improvement. The sentiment is balanced with notable achievements and ongoing challenges.Company Guidance
During the Bright Horizons Family Solutions Q3 2024 earnings call, the company provided detailed guidance for the full year, anticipating total revenue of approximately $2.675 billion, reflecting an 11% growth, and an adjusted EPS range between $3.37 and $3.42. For Q3 2024, the company reported a total revenue increase of 11% to $719 million, with adjusted EBITDA up 20% to $121 million and adjusted EPS growing 26% to $1.11. The full-service segment saw a 9% revenue increase to $487 million, despite challenges in the U.K., while the backup care segment experienced an 18% revenue growth to $202 million, driven by higher employee engagement. The Education Advisory business grew to $31 million, though participant growth in the EdAssist program remained muted. The company ended the quarter with 1,028 centers, adding 6 and closing 10, and expects Q4 revenue in the range of $665 million to $675 million and adjusted EPS between $0.88 and $0.93.Strong Revenue and Earnings Growth
Total revenue increased 11% to $719 million, adjusted EBITDA grew 20% to $121 million, and adjusted EPS increased 26% to $1.11 per share.
Backup Care Segment Performance
Backup Care revenue increased 18% to $202 million, driven by stronger employee engagement and use, with notable growth in centers and camps.
Full Service Segment Expansion
Full Service revenue increased 9% to $487 million, with the addition of 6 centers including those for Colorado School of Mines, Regeneron Pharmaceuticals, and Yale New Haven Health System.
International Improvement
The UK operations made operational and financial progress, narrowing losses compared to the previous year.
Omni Horizon Summit Success
The first in-person client event since the pandemic was a success, indicating strong client engagement and industry leadership.
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BFAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BFAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $132.83 | $115.88 | -12.76% |
| Aug 01, 2024 | $118.43 | $135.15 | +14.12% |
| May 02, 2024 | $104.27 | $111.23 | +6.67% |
| Feb 13, 2024 | $95.89 | $105.83 | +10.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bright Horizons (BFAM) report earnings?
Bright Horizons (BFAM) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Bright Horizons (BFAM) earnings time?
Bright Horizons (BFAM) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFAM EPS forecast?
BFAM EPS forecast for the fiscal quarter 2024 (Q4) is $0.91.
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