Bright Horizons Family Solutions (BFAM) Tops Q2 EPS by 2c

Bright Horizons Family Solutions (NYSE: BFAM) reported Q2 Adj. EPS of $0.87, $0.02 better than the analyst estimate of $0.85. Revenue for the quarter came in at $490 million versus the consensus estimate of $486.59 million.

GUIDANCE:

Bright Horizon sees FY 2018 Adj. EPS $3.13-$3.16.

• Revenue growth in 2018 in the range of 8-10%
• Net income in the range of $150 million to $152 million and diluted earnings per common share in the range of $2.53 to $2.55
• Adjusted net income in the range of $184 million to $186 million and diluted adjusted earnings per common share in the range of $3.13 to $3.16
• Diluted weighted average shares of approximately 59 million shares

For earnings history and earnings-related data on Bright Horizons Family Solutions (BFAM) click here.

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