Bright Horizons Sees FY24 Adj. EPS $3.00-$3.20 Vs $3.08 Est.; Revenue $2.6B-$2.7B Vs $2.664B Est.
Portfolio Pulse from Benzinga Newsdesk
Bright Horizons forecasts its FY24 adjusted EPS to be between $3.00 and $3.20, compared to the estimated $3.08. The company also projects its revenue to range from $2.6 billion to $2.7 billion, against an estimated $2.664 billion.
May 02, 2024 | 8:44 pm
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Bright Horizons forecasts FY24 adjusted EPS and revenue that closely align with analyst estimates, indicating stable financial expectations.
Bright Horizons' forecast for FY24 suggests a stable financial outlook, with both EPS and revenue projections closely matching analyst estimates. This indicates the company's management has confidence in their business model and growth strategy, which could reassure investors. However, since the projections are in line with expectations, the immediate impact on the stock price might be neutral, as the market has likely already priced in these expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100