NASDAQ$LAUR
Laureate Education Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Strategic focus on growth reflected in the strength of third quarter results. Company increased full-year 2021 guidance after completing all pending divestitures.
Laureate Education reported a 10% increase in revenue to $267.7 million, driven by higher enrollment in Peru. Operating income was $35.1 million, a significant improvement from the previous year's operating loss. Net income reached $360.1 million, primarily due to the gain on the sale of Walden University. Adjusted EBITDA increased to $75.9 million.
- Revenue increased by 10% to $267.7 million, primarily driven by higher enrollment in Peru.
- Operating income was $35.1 million, compared to an operating loss of $(318.2) million in the third quarter of 2020.
- Net income was $360.1 million, primarily attributable to the gain on sale of Walden University.
- Adjusted EBITDA was $75.9 million, as compared to $50.4 million for the third quarter of 2020.
Headline financials
Revenue & EPS history
Laureate · Revenue · Quarterly
$268M
Forward guidance
Laureate is updating its full-year 2021 guidance to reflect an improved outlook.
Tailwinds
- Total enrollments expected to be approximately 385,000, reflecting growth of 14% versus 2020
- Revenues expected to be in the range of $1,075 to $1,085 million, reflecting growth of 8%-9% on an organic constant currency basis versus 2020
- Adjusted EBITDA expected to be in the range of $247 to $253 million, reflecting growth of 34%-37% on an organic constant currency basis versus 2020.
Headwinds
- Anticipated Adjusted EBITDA in 2021 is prior to rightsizing of Corporate G&A infrastructure
- Includes approximately $13 million of non-cash charges related to the write-off of an indemnification asset related to a prior period acquisition.
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 Q3 2021
+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
| Quarter | Report date | Reaction (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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