Bright Horizons updates 2024 earnings guidance, projecting $2.7B revenue and $3.370-3.420 EPS.

Bright Horizons Family Solutions (NYSE:BFAM) updated its fiscal year 2024 earnings guidance, projecting an EPS of 3.370-3.420 and revenue of $2.7 billion. For Q3 2024, revenue rose 11% to $719 million, with net income increasing by 37% to $55 million. Despite recent growth, the company has experienced a modest 5.4% annual growth rate over the past five years. Analysts have mixed ratings, with price targets ranging from $100 to $145.

November 04, 2024
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