Higher education company Laureate Education (NASDAQ: LAUR) will be announcing earnings results this Thursday before market hours. Here’s what to look for.
Laureate Education beat analysts’ revenue expectations last quarter, reporting revenues of $541.4 million, up 27.9% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and full-year revenue guidance beating analysts’ expectations. It reported 497,700 enrolled students, up 5.4% year on year.
Is Laureate Education a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Laureate Education’s revenue to grow 12.9% year on year, a reversal from the 14.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Laureate Education has a history of exceeding Wall Street’s expectations.
Looking at Laureate Education’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Strategic Education posted flat year-on-year revenue, missing analysts’ expectations by 1.2%, and Monarch reported revenues up 8.9%, topping estimates by 5.2%. Strategic Education traded down 12.1% following the results while Monarch was up 15.9%.
Read our full analysis of Strategic Education’s results here and Monarch’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 12.5% on average over the last month. Laureate Education is down 7.5% during the same time and is heading into earnings with an average analyst price target of $40.08 (compared to the current share price of $31.37).
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