NASDAQ$LAUR

Laureate Education Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Company increased full-year 2024 guidance.

Laureate Education reported a 10% increase in revenue to $275.4 million. Operating income was $11.1 million, and the net loss was $(10.8) million. Adjusted EBITDA was $30.6 million.

  • New enrollments increased 1%.
  • Total enrollments increased 5%.
  • Revenue increased 10% to $275.4 million.
  • Operating income was $11.1 million.

Headline financials

Total Revenue

$275M

Previous: $251M+9.6%
EPS (adj)

-$0.07

Previous: -$0.17+58.8%
Capital Expenditures

-$15.9M

No prior period
Free Cash Flow

-$10.8M

Previous: -$26.6M+59.6%
Net Income

-$10.8M

Previous: -$26.6M+59.6%
Operating Income

$11.1M

Previous: $15.6M-28.8%
Gross Profit

$21.4M

Previous: $25.9M-17.5%
Cash & Equivalents

$126M

Previous: $131M-3.4%
Total Assets

$2.18B

Previous: $2.1B+3.9%
Stock-Based Comp

$1.41M

Previous: $1.12M+25.4%

Revenue & EPS history

Laureate · Revenue · Quarterly

$275M

Q1 2024+9.6%vs Q1 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Laureate is updating its full-year 2024 guidance to reflect an improved outlook, related to more favorable currency rates.

Tailwinds

  • Total enrollments are still expected to be in the range of 467,000 to 473,000 students, reflecting growth of 4%-5% versus 2023
  • Revenues are now expected to be in the range of $1,566 million to $1,581 million, reflecting growth of 6%-7% on an as-reported basis and 5%-6% on an organic constant currency basis versus 2023
  • Adjusted EBITDA is now expected to be in the range of $446 million to $456 million, reflecting growth of 6%-9% on an as-reported basis and 6%-9% on an organic constant currency basis versus 2023

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 2024

Historical avgQ1 2024

+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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