Bright Horizons Family Solutions (BFAM) Tops Q1 EPS by 2c, Offers Guidance

Bright Horizons Family Solutions (NYSE: BFAM) reported Q1 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $502 million versus the consensus estimate of $497.24 million.

GUIDANCE:

Bright Horizons Family Solutions sees FY2019 EPS of $3.58-$3.64, versus the consensus of $3.60.

• Revenue growth in 2019 in the range of 8-10%
• Net income in the range of $173 million to $176 million and diluted earnings per common share in the range of $2.93 to $2.97
• Adjusted net income in the range of $211 million to $214 million and diluted adjusted earnings per common share in the range of $3.58 to $3.64
• 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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