NASDAQ$LAUR

Laureate Education Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue and operating income, but an increase in net income due to the gain on the sale of operations in Australia and New Zealand.

Laureate Education reported a decrease in revenue and operating income for the fourth quarter of 2020, primarily due to the weakening of foreign currencies and the impact of the COVID-19 pandemic. However, net income increased due to the gain on the sale of operations in Australia and New Zealand. The company is focusing on its operational priorities in Mexico and Peru and expects to complete pending divestitures in 2021.

  • Revenue decreased by 19% to $285.2 million compared to Q4 2019.
  • Operating income decreased by 36% to $36.9 million compared to Q4 2019.
  • Net income was $379.0 million, driven by the gain on the sale of operations in Australia and New Zealand.
  • Adjusted EBITDA was $90.6 million, compared to $99.4 million for the fourth quarter of 2019.

Headline financials

Total Revenue

$285M

Previous: $883M-67.7%
EPS (adj)

$1.81

Previous: $0.45+302.2%
Adjusted EBITDA

$90.6M

Previous: $244M-62.8%
Net Income

$379M

Previous: $60.6M+525.4%
Operating Income

$36.9M

Previous: $155M-76.2%
Gross Profit

$96.9M

Previous: $214M-54.7%
Cash & Equivalents

$1.02B

Previous: $340M+200.4%
Total Assets

$4.97B

Previous: $6.5B-23.5%
Stock-Based Comp

$3.02M

Previous: $3.41M-11.5%

Revenue & EPS history

Laureate · Revenue · Quarterly

$285M

Q4 2020-67.7%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Laureate anticipates that by the end of 2021, the Corporate G&A restructuring will be largely completed (following completion of the pending asset sales), the impact of the COVID-19 pandemic will mostly be abated and that the Company will return to growth levels more in-line with historical performance prior to the COVID-19 pandemic.

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 2020

Historical avgQ4 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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