Bright Horizons Earnings Preview: Revenue Growth Expected to Slow
Key Metrics:
* Revenue:
* Consensus estimate: $670.9 million
* YoY Growth: 9%
* Adjusted Earnings Per Share:
* Consensus estimate: $0.91
Recent Performance:
* Q3 2022 revenue: $719.1 million, up 11.4% YoY
* Mixed quarter with a narrow beat on organic revenue estimates
Analyst Outlook:
* Analysts have generally maintained revenue estimates ahead of earnings.
* Bright Horizons has underperformed revenue expectations three times in the past two years.
Peer Performance:
* Adtalem and Universal Technical Institute reported strong Q4 results, driving share price gains.
* Adtalem grew revenue by 13.9%, exceeding analyst expectations.
* Universal Technical Institute increased revenue by 15.3%, surpassing estimates.
Market Sentiment:
* Positive sentiment in the consumer discretionary sector with share prices up 2.7% over the past month.
* Bright Horizons has risen 2.7% during the same period.
* Average analyst price target: $133.11 (vs. current share price: $117.99)
Earnings Call:
* Release Date: After market hours
* Webcast: [link to webcast]