NASDAQ$LAUR

Laureate Education Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Laureate delivered a solid second quarter with Adjusted EBITDA results that were ahead of expectations due to tight cost controls and the acceleration of productivity initiatives.

Laureate Education, Inc. reported a decrease in revenue by 20% to $791.7 million compared to the second quarter of 2019. The operating loss was $(254.8) million, and the net loss was $(311.6) million. Adjusted EBITDA was $259.0 million, a decrease of $39.8 million compared to the previous year.

  • Revenue decreased by 20% compared to the second quarter of 2019, totaling $791.7 million.
  • Operating loss was $(254.8) million, affected by impairment charges of $445.1 million.
  • Net loss was $(311.6) million, attributable to impairment charges.
  • Adjusted EBITDA was $259.0 million, a decrease of $39.8 million compared to the second quarter of 2019.

Headline financials

Total Revenue

$792M

Previous: $1B-21.0%
EPS (adj)

$0.65

Previous: $0.46+41.3%
Adjusted EBITDA

$259M

Previous: $299M-13.3%
Free Cash Flow

-$308M

Previous: $782M-139.4%
Net Income

-$308M

Previous: $782M-139.4%
Operating Income

-$255M

Previous: $214M-219.2%
Gross Profit

$238M

Previous: $282M-15.6%
Cash & Equivalents

$630M

Previous: $236M+166.3%
Total Assets

$5.95B

Previous: $7.09B-16.0%
Stock-Based Comp

$4.62M

Previous: $4.86M-4.8%

Revenue & EPS history

Laureate · Revenue · Quarterly

$792M

Q2 2020-21%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Laureate is updating its full-year 2020 guidance to reflect an improved outlook, as well as the reclassification of the Company’s Rest of World segment to Discontinued Operations reflecting the recently announced agreement to sell its businesses in Australia and New Zealand.

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 Q2 2020

Historical avgQ2 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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