NASDAQ$LAUR

Laureate Education Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Laureate Education's financial performance for Q4 2022 showed revenue growth and improved operating income, driven by higher enrollment and cost controls.

Laureate Education reported a 17% increase in revenue to $346.3 million and an operating income of $78.0 million for the fourth quarter of 2022, compared to an operating loss of $(11.0) million in the same period of the previous year. Net income increased to $39.1 million, and Adjusted EBITDA rose to $94.8 million. The company's strategic priorities focus on sustainable growth, digital penetration, operational excellence, and academic quality.

  • Revenue increased by 17% to $346.3 million, with a 13% increase on an organic constant currency basis.
  • Operating income was $78.0 million, a significant improvement from the $(11.0) million operating loss in Q4 2021.
  • Net income rose to $39.1 million, compared to $37.8 million in the prior year.
  • Adjusted EBITDA increased to $94.8 million from $60.7 million in the fourth quarter of 2021.

Headline financials

Total Revenue

$346M

Previous: $297M+16.7%
EPS (adj)

$0.25

Previous: $0.15+66.7%
Adjusted EBITDA

$94.8M

Previous: $60.7M+56.2%
Net Income

$39.1M

Previous: $37.8M+3.4%
Operating Income

$78M

Previous: -$11M+809.1%
Gross Profit

$94M

Previous: $59.4M+58.2%
Cash & Equivalents

$85.2M

Previous: $325M-73.8%
Total Assets

$1.97B

Previous: $2.21B-10.8%
Stock-Based Comp

$1.81M

Previous: $3M-39.8%

Revenue & EPS history

Laureate · Revenue · Quarterly

$346M

Q4 2022+16.7%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Laureate expects full-year 2023 results to include total enrollments between 447,000 and 455,000 students, revenues between $1,372 million and $1,397 million, and Adjusted EBITDA between $387 million and $397 million.

Tailwinds

  • Total enrollments expected to grow by 6%-7% versus 2022.
  • Revenues expected to grow by 10%-12% on an as-reported basis.
  • Revenues expected to grow by 8%-10% on an organic constant currency basis versus 2022.
  • Adjusted EBITDA expected to grow by 14%-17% on an as-reported basis.
  • Adjusted EBITDA expected to grow by 12%-15% 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 Q4 2022

Historical avgQ4 2022

+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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