Laureate Education Q2 Revenue Jumps 17%, Guidance Raised on Enrollment Surge
LAUR sits 75% above its 52-week low of $21.53.
Summary
Laureate Education delivered a strong Q2 beat, with revenue up 17% to $615.9M, exceeding the $604.26M consensus, and adjusted EBITDA of $250.6M topping estimates. The company raised its full-year outlook across the board—revenue now seen at $1.92B-$1.93B, adjusted EBITDA at $593M-$599M, and adjusted EPS at $2.04-$2.10, implying 19-22% EPS growth. The beat was driven by a 10% jump in new enrollments and 6% total enrollment growth in the first half, with both Mexico and Peru contributing. This follows the 8-K and 10-Q filed earlier today that disclosed the $137.1M net income and the $150M buyback expansion. The stock, trading at 17x forward earnings, now has a clear catalyst from upwardly revised numbers and enrollment momentum.
At the time of this announcement, LAUR was trading at $37.73 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $21.53 to $40.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.