NASDAQ$LAUR

Laureate Education Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Laureate's business model demonstrated resiliency, with solid re-enrollment performance mitigating the impact of lower new enrollments due to the COVID-19 pandemic.

Laureate Education reported a decrease in revenue and Adjusted EBITDA for the first quarter of 2020, primarily due to the COVID-19 pandemic and the weakening of foreign currencies. The company is implementing cost reductions and continuing its strategic review process to unlock value.

  • New enrollments decreased 18% compared to the first quarter of 2019, but only 6% when adjusted for timing and the sale of UniNorte.
  • Revenue decreased by 12% to $528.6 million, or 4% on an organic constant currency basis.
  • The operating loss was $(117.1) million, compared to an operating loss of $(92.0) million for the same period last year.
  • Adjusted EBITDA was $(36.9) million, a decrease of 25% on a reported basis.

Headline financials

Total Revenue

$529M

Previous: $622M-15.0%
EPS (adj)

-$0.64

Previous: -$0.25-156.0%
Adjusted EBITDA

-$36.9M

No prior period
Free Cash Flow

$99.6M

Previous: $191M-47.9%
Net Income

$99.6M

Previous: $191M-47.9%
Operating Income

-$117M

Previous: -$84.5M-38.6%
Gross Profit

-$60.4M

Previous: -$30.6M-97.4%
Cash & Equivalents

$547M

Previous: $279M+96.1%
Total Assets

$6.5B

Previous: $7.83B-17.1%

Revenue & EPS history

Laureate · Revenue · Quarterly

$529M

Q1 2020-15%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Laureate is updating its full-year 2020 guidance in response to the COVID-19 pandemic and foreign exchange impacts, presenting two scenarios based on the potential for campus reopenings in the second half of the year.

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 Q1 2020

Historical avgQ1 2020

+2.4%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+4.4%

Avg return

30 days after

68%

28 / 41 earnings

Positive

+16.2%

Q3 2021

Best reaction

-13.5%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.9%+2.2%+1.2%
Q4 2025-3.1%-4.6%-5.2%
Q3 2025+10.2%+2.7%+7.0%
Q1 2025+2.8%+12.9%+12.1%
Q4 2024+4.2%-4.6%-4.0%
Q3 2024+8.6%+13.4%+22.1%
Q2 2024-7.4%-7.2%-0.5%
Q1 2024+2.7%+8.3%+7.3%
Q4 2023+0.2%+0.8%+7.6%
Q3 2023-4.7%-8.2%-7.9%
Q2 2023+4.8%+9.5%+11.1%
Q1 2023+3.6%+0.3%+4.8%
Q4 2022+15.2%+14.1%+10.8%
Q3 2022+2.2%-1.3%-14.5%
Q2 2022-3.0%-2.5%-5.1%
Q1 2022+2.9%+1.1%+15.8%
Q4 2021-4.9%-4.9%+10.0%
Q3 2021+16.2%+18.0%-0.8%
Q2 2021+4.1%+2.1%+4.1%
Q1 2021+4.3%+7.9%+14.3%
Q4 2020-7.2%-7.2%-5.8%
Q3 2020+7.9%+7.5%+12.6%
Q2 2020+6.8%+10.2%+1.9%
Q1 2020-2.6%-11.7%+22.5%
Q4 2019-6.4%-4.2%-48.0%
Q3 2019+6.0%+5.2%+4.7%
Q2 2019+15.4%+9.3%+14.5%
Q1 2019+5.0%+6.0%+6.1%
Q4 2018+4.0%+2.7%+1.8%
Q3 2018-0.3%-2.6%-7.9%
Q2 2018+8.3%+9.4%+3.9%
Q1 2018+0.1%+1.0%+7.9%
Q4 2017+2.3%-6.3%+3.9%
Q2 2017+2.3%-6.3%+3.9%
Q4 2015+2.3%-6.3%+3.9%
Q3 2016-13.5%-17.1%-3.6%
Q3 2017-13.5%-17.1%-3.6%
Q2 2016-8.1%-10.2%-14.2%
Q4 2016+12.1%+10.3%+28.4%
Q1 2017+12.1%+10.3%+28.4%
Q1 2016+12.1%+10.3%+28.4%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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