NYSE$BFAM
Bright Horizons Family Solutions · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Bright Horizons' Q3 2020 financial performance was impacted by the COVID-19 pandemic, with revenue declining due to center closures and reduced enrollment, although back-up care and educational advisory services provided some offset.
Bright Horizons Family Solutions reported a challenging third quarter in 2020 due to the COVID-19 pandemic. Revenue decreased by 34% compared to the same period in 2019. The company experienced a loss from operations and a net loss, though Back-up Care and Educational Advisory services partially offset the impact.
- Revenue decreased by 34% to $338 million due to the COVID-19 pandemic.
- Loss from operations was $6 million, a significant drop from the $63 million income from operations in Q3 2019.
- Net loss was $7 million, compared to a net income of $41.3 million in the same period last year.
- Approximately 900 child care centers were open as of September 30, 2020, out of a total of 1,026 centers.
Headline financials
Revenue & EPS history
Bright Horizons · Revenue · Quarterly
$338M
Revenue by segment
Bright Horizons · $338M total across 3 segments · Q3 2020
- Full Service Center-Based Child Care$220M—65.1%
- Back-Up Care$93.1M—27.5%
- Educational Advisory Services$24.7M—7.3%
Forward guidance
Due to the unpredictable nature of the COVID-19 pandemic, Bright Horizons is not providing financial guidance for the remainder of fiscal year 2020.
Tailwinds
- The company will continue to work with local teams on operational decisions.
- Prudent management of spending to support current operations will continue.
- The company will continue to re-ramp enrollment.
- Re-opening of the remainder of the business will continue.
- The value proposition to families, staff and clients remains consistent and strong.
Headwinds
- The duration and scope of the ongoing business disruption cannot be predicted.
- The pace of enrollment ramping at re-opened centers cannot be predicted.
- The re-opening of the remaining temporarily closed centers cannot be predicted.
- The situation is dependent on many interdependent variables and decisions by government authorities and client partners.
- The situation is dependent on demand, economic trends, and developments in the persistence and treatment of COVID-19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.2%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+1.1%
Avg return
30 days after
46%
25 / 54 earnings
Positive
+12.4%
Q2 2024
Best reaction
-18.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -16.1% | -23.8% | |
| Q4 2025 | -18.2% | -13.4% | -6.8% | |
| Q3 2025 | +12.3% | +8.6% | +11.4% | |
| Q1 2025 | -4.2% | -3.8% | -0.7% | |
| Q4 2024 | +8.4% | +9.5% | +6.5% | |
| Q3 2024 | -13.2% | -13.0% | -11.1% | |
| Q2 2024 | +12.4% | +10.4% | +17.0% | |
| Q1 2024 | +7.2% | +10.2% | +1.3% | |
| Q4 2023 | +6.4% | +11.5% | +15.3% | |
| Q3 2023 | +9.5% | +14.7% | +21.1% | |
| Q2 2023 | -2.8% | -4.6% | -2.7% | |
| Q1 2023 | +5.7% | +17.2% | +9.2% | |
| Q4 2022 | +3.9% | +2.7% | +1.4% | |
| Q3 2022 | +1.1% | +0.2% | +14.6% | |
| Q2 2022 | -12.1% | -16.3% | -28.3% | |
| Q1 2022 | -10.1% | -23.1% | -19.3% | |
| Q4 2021 | -3.2% | -1.3% | +3.2% | |
| Q3 2021 | -12.4% | -12.4% | -28.5% | |
| Q2 2021 | -1.0% | -1.4% | -1.6% | |
| Q1 2021 | -5.9% | -4.8% | -1.4% | |
| Q4 2020 | -9.2% | -8.6% | -7.9% | |
| Q3 2020 | -2.2% | +5.8% | +5.1% | |
| Q2 2020 | +10.8% | +7.9% | +22.2% | |
| Q1 2020 | -7.0% | -6.7% | +12.5% | |
| Q4 2019 | +0.2% | +0.1% | -27.4% | |
| Q3 2019 | +1.0% | -2.8% | +2.3% | |
| Q2 2019 | -1.7% | -0.8% | +8.5% | |
| Q1 2019 | +0.6% | +1.3% | +5.7% | |
| Q4 2018 | +2.6% | +2.7% | +6.1% | |
| Q3 2018 | +0.9% | +1.2% | +5.9% | |
| Q2 2018 | +2.5% | +1.5% | +10.9% | |
| Q1 2018 | -1.0% | +2.2% | +5.6% | |
| Q4 2017 | -0.4% | +1.3% | +6.8% | |
| Q3 2017 | +2.8% | +3.7% | +3.1% | |
| Q2 2017 | -0.7% | -0.4% | +1.2% | |
| Q1 2017 | +4.7% | +6.4% | +2.5% | |
| Q4 2016 | -3.3% | -3.8% | -1.9% | |
| Q3 2016 | -6.2% | -5.7% | +1.1% | |
| Q2 2016 | -2.5% | +0.5% | +4.5% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | +6.3% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | -1.3% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -2.2% | — | — | |
| Q4 2012 | +8.1% | — | — | |
| Q3 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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