Bright Horizons Family Solutions Inc reports quarterly earnings that beat expectations

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Bright Horizons Family ($NYSE:BFAM) Solutions Inc. reported quarterly earnings that beat analysts’ expectations on Wednesday and revenue that topped forecasts. The company operates bright Horizons Family Centers, which provide early education and child care for children from six weeks to six years of age. The company also operates Bright Horizons at Work Centers, which provide child care, adult and elder care, and other work/life solutions for employees of companies. The company’s strong quarterly results were driven by growth in its child care and early education businesses.

Bright Horizons Family Solutions has been benefiting from increased demand for child care and early education services as more parents return to work. Looking ahead, Bright Horizons Family Solutions expects to continue to benefit from strong demand for its services. The company is well-positioned to continue its growth trajectory in the coming quarters.

Earnings

In the earning report of FY2022 Q2 ending June 30, Bright Horizons Family Solutions earned 1873.7M USD in total revenue, earned 88.9M USD in net income. Compared to the previous year, this is a 6.7% increase in total revenue and a 26.1% increase in net income. Bright Horizons Family Solutions’s total revenue has reached from 1515.1M USD to 1873.7M USD in the last 3 years.

The company’s net income has also increased during this time period. The company operates in the United States, the United Kingdom, Ireland, Canada, and India.

Share Price

The company’s stock opened at $63.3 and closed at $66.1, up by 1.0% from the prior closing price of $65.4. The company has been getting positive media exposure lately, with most outlets reporting on the company’s strong earnings. Bright Horizons has been a bright spot in the otherwise struggling child care industry. The company has been able to weather the pandemic better than most, thanks to its strong financial position and its focus on providing quality care for children.

VI Analysis

The company’s fundamentals reflect its long term potential. The company has a high health score of 8/10 considering its cashflows and debt, is capable to sustain future operations in times of crisis. The company is strong in , medium in growth, profitability and weak in asset, dividend.

VI Peers

The company operates in the United States, Canada, the United Kingdom, and India. It has a network of more than 1,000 child care centers. The company also offers online learning programs, family support services, and professional development services. The company’s competitors include Mad Paws Holdings Ltd, Rover Group Inc, Mayfield Childcare Ltd.

– Mad Paws Holdings Ltd ($ASX:MPA)

Mad Paws Holdings Ltd is a pet care company that operates in Australia and New Zealand. The company offers a range of services including pet sitting, dog walking, dog daycare, and pet boarding. Mad Paws has a market cap of 39.81M as of 2022 and a ROE of -36.33%.

– Rover Group Inc ($NASDAQ:ROVR)

Rover Group Inc is a publicly traded company that manufactures and sells motor vehicles and related products. The company has a market capitalization of 745.75 million as of 2022 and a return on equity of -12.44%. The company’s products include cars, trucks, buses, and other vehicles.

– Mayfield Childcare Ltd ($ASX:MFD)

Mayfield Childcare Ltd is a publicly traded company that operates in the child care industry. The company has a market capitalization of $63.35 million as of 2022 and a return on equity of 7.15%. Mayfield Childcare Ltd provides child care services to families in the United Kingdom. The company operates a network of child care centers that provide care for children aged 0-5 years old.

Summary

If you’re looking for a company that provides high-quality child care and early education, Bright Horizons Family Solutions Inc is a great option. The company has a long track record of success, and its earnings have beaten expectations in each of the last four quarters. BFAM is a great choice for investors who want exposure to the child care industry. The company is well-positioned to continue its growth trajectory, and its stock is trading at a reasonable valuation.