Bright Horizons Family Solutions (BFAM) Beats Q3 Earnings and Revenue Estimates

Core Insights - Bright Horizons Family Solutions (BFAM) reported quarterly earnings of $1.57 per share, exceeding the Zacks Consensus Estimate of $1.32 per share, and up from $1.11 per share a year ago [1] - The company achieved an earnings surprise of +18.94% and has surpassed consensus EPS estimates in all four quarters over the past year [2] - Revenues for the quarter reached $802.81 million, surpassing the Zacks Consensus Estimate by 2.95%, and increased from $719.1 million year-over-year [3] Earnings Performance - The earnings surprise of +18.94% indicates strong performance relative to expectations, with a previous quarter's earnings of $1.07 also exceeding estimates [2] - The company has consistently outperformed consensus revenue estimates over the last four quarters [3] Stock Performance and Outlook - Bright Horizons shares have declined approximately 16.4% year-to-date, contrasting with the S&P 500's gain of 17.2% [4] - The future performance of the stock will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings results [4][5] Earnings Estimates and Industry Context - Current consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $731.42 million, and for the current fiscal year, it is $4.28 on revenues of $2.91 billion [8] - The Zacks Industry Rank places the Business - Services sector in the bottom 25% of over 250 Zacks industries, which may impact stock performance [9]