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Bright Horizons (BFAM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Bright Horizons Family Solutions (BFAM - Free Report) reported revenue of $670.06 million, up 11.1% over the same period last year. EPS came in at $0.88, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $664.54 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
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
: $507.08 million versus the two-analyst average estimate of $505.84 million. The reported number represents a year-over-year change of +10.6%.
Revenue- Educational advisory and other services
: $26.49 million versus $26.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
Revenue- Back-up care
: $136.49 million versus the two-analyst average estimate of $131.62 million. The reported number represents a year-over-year change of +17.3%.
Income from operations- Full service center-based child care
: $32.64 million versus the two-analyst average estimate of $24.38 million.
Income from operations- Educational advisory and other services
: $4.82 million versus the two-analyst average estimate of $3.73 million.
Income from operations- Back-up care
: $31.59 million compared to the $27.06 million average estimate based on two analysts.
Shares of Bright Horizons have returned +9.3% over the past month versus the Zacks S&P 500 composite's +1.1% 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 (BFAM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Bright Horizons Family Solutions (BFAM - Free Report) reported revenue of $670.06 million, up 11.1% over the same period last year. EPS came in at $0.88, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $664.54 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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.
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:
View all Key Company Metrics for Bright Horizons here>>>Revenue- Full service center-based child care
: $507.08 million versus the two-analyst average estimate of $505.84 million. The reported number represents a year-over-year change of +10.6%.Revenue- Educational advisory and other services
: $26.49 million versus $26.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.Revenue- Back-up care
: $136.49 million versus the two-analyst average estimate of $131.62 million. The reported number represents a year-over-year change of +17.3%.Income from operations- Full service center-based child care
: $32.64 million versus the two-analyst average estimate of $24.38 million.Income from operations- Educational advisory and other services
: $4.82 million versus the two-analyst average estimate of $3.73 million.Income from operations- Back-up care
: $31.59 million compared to the $27.06 million average estimate based on two analysts.Shares of Bright Horizons have returned +9.3% over the past month versus the Zacks S&P 500 composite's +1.1% 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.