Bright Horizons Family Solutions (NYSE: BFAM) has reported earnings for its first fiscal quarter (ending March 31) of $0.29 versus $0.14 for the same period a year ago — an increase of 107%. Relative to the consensus estimate of $0.62, this was a shortfall of $-0.33. For the latest four quarters through March 31, E.P.S. were $1.44 versus $1.19 for the same period a year ago — an increase of 21%.
Recent Price Action
Bright Horizons Family Solutions (NYSE: BFAM) stock rose modestly by 0.5% on 5/2/24. The stock closed at $104.27. Moreover, unusually high trading volume at 157% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.4% during the last week.
Current PriceTarget Research Rating
BFAM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Bright Horizons Family Solutions has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Bright Horizons Family Solutions has a poor Appreciation Score of 17 but a very high Power Rating of 86, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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