Bright Horizons Family Solutions Inc. reports results for the quarter ended September 30 - Earnings Summary

• Bright Horizons Family Solutions Inc. BFAM.N reported quarterly adjusted earnings of $1.80​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.57. The mean expectation of nine analysts for the quarter was for earnings of $1.76 per share. Wall Street expected results to range from $1.70 to $1.79 per share.

• Revenue rose 4.8% to $841.47 million from a year ago; analysts expected $842.68 million.

• Bright Horizons Family Solutions Inc.'s reported EPS for the quarter was a loss of $4.76​.

• The company reported a quarterly loss of $230.69 million.

• Bright Horizons Family Solutions Inc. shares had risen by 8.7% this quarter and lost 31.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $88.34, about 24.2% above its last closing price of $66.98

This summary was machine generated from LSEG data October 29 at 11:26 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)