Child care and education company Bright Horizons (NYSE:BFAM) will be reporting results tomorrow after market hours. Here's what you need to know.
Last quarter Bright Horizons reported revenues of $645.8 million, up 19.5% year on year, beating analyst revenue expectations by 4.4%. It was a good quarter for the company, with a solid beat of analysts' revenue estimates.
Is Bright Horizons buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Bright Horizons's revenue to grow 11.7% year on year to $591.7 million, slowing down from the 14.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.74 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Bright Horizons's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Universal Technical Institute delivered top-line growth of 45.6% year on year, beating analyst estimates by 3.8%. Universal Technical Institute traded up 10.3% on the results.
Read our full analysis of Universal Technical Institute's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 4.5% over the last month. Bright Horizons is up 3.1% during the same time, and is heading into the earnings with analyst price target of $91.5, compared to share price of $100.8.
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