NASDAQ$LAUR
Laureate Education Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a 20% increase in revenue to $361.5 million, with operating income at $58.7 million and net income at $36.0 million.
Laureate Education reported strong third-quarter results, with revenue increasing by 20% to $361.5 million. Operating income increased to $58.7 million, and net income rose to $36.0 million. The company also announced a special cash dividend of $0.70 per common share.
- Revenue increased 20% to $361.5 million.
- Operating income was $58.7 million, compared to $56.3 million.
- Net income was $36.0 million, compared to $31.0 million.
- Adjusted EBITDA was $78.4 million, compared to $72.8 million.
Headline financials
Revenue & EPS history
Laureate · Revenue · Quarterly
$362M
Forward guidance
Laureate is updating its full-year 2023 guidance, reflecting a narrower range on an organic constant currency basis as well as the impact of weaker foreign currency rates.
Tailwinds
- Total enrollments are now expected to be approximately 447,000 students, reflecting growth of approximately 6% versus 2022
- Revenues are now expected to be in the range of $1,457 million to $1,465 million, reflecting growth of 17%-18% on an as-reported basis and 10% on an organic constant currency basis versus 2022
- Adjusted EBITDA is now expected to be in the range of $410 million to $416 million, reflecting growth of 21%-23% on an as-reported basis and 14%-16% on an organic constant currency basis versus 2022.
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 2023
+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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