Overview

* Bright Horizons Q3 revenue grows 12% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting improved operational performance

* Company attributes success to increased back-up care utilization and enrollment gains

Outlook

* Company expects 2025 revenue to be approximately $2.925 bln

* Company anticipates 2025 diluted adjusted EPS between $4.48 and $4.53

Result Drivers

* BACK-UP CARE UTILIZATION - Higher utilization of back-up care services drove revenue growth, according to CEO Stephen Kramer

* ENROLLMENT GAINS - Enrollment growth and tuition price increases at centers contributed to revenue increase

* MARGIN IMPROVEMENT - Margin improvements in full-service center-based child care segment boosted income from operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $803 mln $780.70

Revenue mln (7

Analysts

)

Q3 Beat $1.57 $1.32 (9

Adjusted Analysts

EPS )

Q3 EPS $1.37

Q3 Net $78.60

Income mln

Analyst Coverage

* 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 "buy"

* Wall Street's median 12-month price target for Bright Horizons Family Solutions Inc ( BFAM ) is $135.00, about 31.3% above its October 29 closing price of $92.70

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)