Higher education company Laureate Education (NASDAQ:LAUR) will be reporting results tomorrow before market hours. Here’s what investors should know.
Laureate Education beat analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $499.2 million, up 8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ earnings estimates and a decent beat of analysts’ operating margin estimates. It reported 444,200 total enrollments, up 4.7% year on year.
Is Laureate Education a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Laureate Education’s revenue to be flat year on year at $361.8 million, slowing from the 20.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Laureate Education has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4% on average.
Looking at Laureate Education’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Adtalem delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 5%, and Nike reported a revenue decline of 10.4%, in line with consensus estimates. Nike traded down 6.8% following the results.
Read our full analysis of Adtalem’s results here and Nike’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Laureate Education is down 5.1% during the same time and is heading into earnings with an average analyst price target of $19 (compared to the current share price of $15.41).
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