NASDAQ$LAUR

Laureate Education Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported strong performance and made significant progress on strategic priorities, including margin expansion initiatives.

Laureate Education reported strong Q4 2019 performance with revenue of $883.2 million and operating income increasing by 15% to $155.3 million. Net income was $60.6 million and Adjusted EBITDA was $243.6 million, up 11% compared to Q4 2018.

  • Revenue in the fourth quarter of 2019 was $883.2 million, a decrease of 1% compared to the fourth quarter of 2018.
  • Operating income increased by 15% to $155.3 million, from $134.5 million in the fourth quarter of 2018, due primarily to cost reduction efforts.
  • Net income (including discontinued operations) was $60.6 million for the fourth quarter, compared to $72.1 million in the fourth quarter of 2018, a decrease of 16%.
  • Adjusted EBITDA was $243.6 million in the fourth quarter of 2019, up 11% when compared to the fourth quarter of 2018.

Headline financials

Total Revenue

$883M

Previous: $914M-3.3%
EPS (adj)

$0.45

Previous: $0.31+45.2%
Adjusted EBITDA

$244M

No prior period
Net Income

$60.6M

Previous: $70.1M-13.6%
Operating Income

$155M

Previous: $140M+11.1%
Gross Profit

$214M

Previous: $248M-13.8%
Cash & Equivalents

$340M

Previous: $77.8M+336.7%
Total Assets

$6.5B

Previous: $6.77B-4.0%
Stock-Based Comp

$3.41M

Previous: $299K+1041.5%

Revenue & EPS history

Laureate · Revenue · Quarterly

$883M

Q4 2019-3.3%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Based on the current foreign exchange spot rates, we currently expect our pro-forma performance for full-year 2020 to be as follows: Continuing Operations Consolidated Operations The guidance provided assumes all entities currently included within continuing operations remain there for the entirety of 2020; if and when additional entities are required to be moved to discontinued operations during 2020, guidance will be revised.

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 Q4 2019

Historical avgQ4 2019

+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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