Analyst Consensus ?
ConsensusBuy12 ratings
Bullish12100.0%
Neutral00.0%
Bearish00.0%
BrightSpring Health Services, Inc. Common Stock · BTSG · FY2025 Q3 · Calendar Q4 2025
BrightSpring raises 2025 outlook as pharmacy and provider growth accelerates
The supplied Q3 analysis supports a constructive growth case: revenue and adjusted EBITDA expanded, estimates were exceeded, and management raised full-year guidance. The case depends on sustaining specialty-pharmacy momentum and executing planned launches and acquisitions amid regulatory and integration risks.
Reported Before market openNASDAQHealthcare
$13.24B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.30
Consensus $0.26
EPS surprise
+13.9%
Reported versus consensus
Reported revenue
$3.33B
Consensus $3.17B
Revenue surprise
+5.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
+0.5%
Stock minus SPY
Volume
0.5×
Versus trailing sessions
Subsequent drift
+8.6%
Up to 20 sessions
BTSGSPY benchmark
Ask FN2 about BTSG FY2025 Q3
Transcript, numbers and history already loaded
Why did BTSG rise 0.8% after beating EPS estimates in FY2025 Q3?What changed in BTSG's guidance and outlook in FY2025 Q3?Give me the bull and bear case for BTSG after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q2, management raised its 2025 revenue outlook from $12.2–$12.6 billion to $12.5–$12.8 billion and adjusted EBITDA outlook from $590–$605 million to $605–$615 million. Q3 analysis cited 28% year-over-year revenue growth and 37% adjusted EBITDA growth, with strength in specialty and infusion pharmacy.
Guidance delta
Raised full-year 2025 revenue guidance to $12.5–$12.8 billion and adjusted EBITDA guidance to $605–$615 million, from the prior quarter's $12.2–$12.6 billion and $590–$605 million, respectively.
Key takeaways
- Q3 revenue was $3.334 billion and adjusted EPS was $0.30; both exceeded the supplied estimates.
- Management's analysis cited roughly 40% year-over-year growth in specialty scripts and highlighted LDD launches and generic conversions.
- Leverage was reported at 3.3x; management targeted below 3x after the Community Living sale and planned acquisitions.
Management priorities
- Continue limited-distribution drug launches and specialty pharmacy growth.
- Integrate Amedisys and LHC branches and pursue stated synergy opportunities.
- Expand AI-driven automation, home-based primary care and value-based care offerings.
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Miss
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Analyst 52W Price Targets
$66.26Current
$30Low
$63.86Average
$90High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BTIG | Buy | Buy | Maintain | Aug 13, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 13, 2026 |
| UBS | Buy | Buy | Maintain | Jul 8, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 2, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jun 18, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 8, 2026 |
| Mizuho | Outperform | Outperform | Maintain | May 5, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | May 4, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | May 4, 2026 |
| Guggenheim | Buy | Buy | Maintain | Oct 1, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $66.26. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Analyst unavailable | $70 | $60.82 | +5.6% | Aug 3, 2026 |
| Morgan Stanley | Analyst unavailable | $80 | $70 | +20.7% | Jul 14, 2026 |
| KeyBanc | Analyst unavailable | $80 | $69.64 | +20.7% | Jul 14, 2026 |
| Wells Fargo | Stephen Baxter | $78 | $71.43 | +17.7% | Jul 13, 2026 |
| Guggenheim | Analyst unavailable | $81 | $71.43 | +22.2% | Jul 13, 2026 |
| Raymond James | Parker Snure | $80 | $71.58 | +20.7% | Jul 9, 2026 |
| UBS | Analyst unavailable | $85 | $70.44 | +28.3% | Jul 8, 2026 |
| BTIG | David Larsen | $90 | $66.25 | +35.8% | Jun 22, 2026 |
| Cowen & Co. | Analyst unavailable | $81 | $64.43 | +22.2% | Jun 18, 2026 |
| Goldman Sachs | Scott Fidel | $71 | $57.4 | +7.2% | Jun 8, 2026 |
| Morgan Stanley | Erin Wright | $71 | $59.98 | +7.2% | Jun 2, 2026 |
| BMO Capital | Analyst unavailable | $70 | $59.16 | +5.6% | May 21, 2026 |
| Morgan Stanley | Analyst unavailable | $62 | $52.44 | -6.4% | May 6, 2026 |
| Deutsche Bank | Analyst unavailable | $60 | $53.51 | -9.4% | May 4, 2026 |
| BTIG | Analyst unavailable | $65 | $52.58 | -1.9% | May 4, 2026 |
| Stephens | Analyst unavailable | $64 | $52.58 | -3.4% | May 4, 2026 |
| KeyBanc | Analyst unavailable | $60 | $52.58 | -9.4% | May 4, 2026 |
| Wells Fargo | Stephen Baxter | $61 | $52.58 | -7.9% | May 4, 2026 |
| BMO Capital | Analyst unavailable | $60 | $52.58 | -9.4% | May 1, 2026 |
| Leerink Partners | Whit Mayo | $49 | $43.82 | -26.0% | Mar 18, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $49 | $40.65 | -26.0% | Mar 2, 2026 |
| BTIG | David Larsen | $55 | $39.27 | -17.0% | Feb 2, 2026 |
| BMO Capital | Analyst unavailable | $46 | $39.6 | -30.6% | Jan 23, 2026 |
| Mizuho Securities | Ann Hynes | $45 | $39.1 | -32.1% | Jan 9, 2026 |
| Wells Fargo | Analyst unavailable | $43 | $40.67 | -35.1% | Jan 7, 2026 |
| BTIG | Analyst unavailable | $50 | $38 | -24.5% | Dec 23, 2025 |
| Mizuho Securities | Analyst unavailable | $42 | $35.58 | -36.6% | Dec 18, 2025 |
| KeyBanc | Matthew Gillmor | $45 | $35.89 | -32.1% | Dec 12, 2025 |
| Stephens | Analyst unavailable | $44 | $35.23 | -33.6% | Dec 10, 2025 |
| Wells Fargo | Stephen Baxter | $39 | $33.91 | -41.1% | Nov 12, 2025 |
| Mizuho Securities | Ann Hynes | $38 | $34.47 | -42.7% | Oct 29, 2025 |
| BTIG | David Larsen | $41 | $34 | -38.1% | Oct 29, 2025 |
| UBS | Analyst unavailable | $42 | $34.44 | -36.6% | Oct 29, 2025 |
| Jefferies | Brian Tanquilut | $36 | $31.89 | -45.7% | Oct 21, 2025 |
| Mizuho Securities | Analyst unavailable | $32 | $29.45 | -51.7% | Oct 17, 2025 |
| Morgan Stanley | Analyst unavailable | $32 | $28.85 | -51.7% | Oct 14, 2025 |
| Wells Fargo | Stephen Baxter | $33 | $28.87 | -50.2% | Oct 7, 2025 |
| Deutsche Bank | Pito Chickering | $30 | $25.48 | -54.7% | Sep 8, 2025 |
| Mizuho Securities | Ann Hynes | $26 | $21.82 | -60.8% | May 5, 2025 |
Track every rating change on BTSG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBrightSpring Health Services, Inc. operates across the United States, offering a range of healthcare solutions directly within patients' homes and local communities. The company's extensive platform focuses on providing crucial pharmacy and medical provider services, including both clinical care and supportive assistance, to individuals covered by Medicare, Medicaid, and private insurance. Patients receive care from a dedicated team of clinical professionals and licensed pharmacists. Formerly known as Phoenix Parent Holdings Inc., the company officially adopted the name BrightSpring Health Services, Inc. in May 2021. Founded in 1974, its headquarters are located in Louisville, Kentucky.
Historical context
All BTSG earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| IDXX IDEXX Laboratories, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +19.5% | IDEXX raises 2026 outlook as diagnostics, placements and software support growth |
| AXSM Axsome Therapeutics, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -14.0% | Axsome reports Q3 growth led by AUVELITY; pipeline advances |
| TEM Tempus AI, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +9.5% | Tempus pairs Q3 growth with new partnerships and execution risks |
| SNY Sanofi | FY2026 Q3 · Calendar Q4 2026 | +30.8% | +2.8% | Sanofi lifts 2026 outlook as Dupixent and launches drive Q3 growth |
| AZN AstraZeneca PLC | FY2026 Q3 · Calendar Q4 2026 | +7.3% | +7.0% | AstraZeneca pairs solid growth with pipeline investment and restructuring |
| ABBV AbbVie Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.4% | +1.4% | AbbVie raises 2026 guidance as Skyrizi and Rinvoq drive Q3 growth |
Latest beats and misses
Who reports nextBeat on EPS
- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the BTSG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T21:10:44.488149+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T21:10:44.485245+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.