Laureate Education (LAUR) Misses Q2 EPS by 28c, Revenue Beats, Offers Outlook
Get Alerts LAUR Hot Sheet
Join SI Premium – FREE
Laureate Education (NASDAQ: LAUR) reported Q2 EPS of ($0.15), $0.28 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $327.3 million versus the consensus estimate of $313.2 million.
Outlook for Fiscal 2021:
Laureate is updating its full-year 2021 guidance to reflect an improved outlook.
Based on the current foreign exchange spot rates2, Laureate currently expects its full-year 2021 results to be as follows:
Continuing Operations 2021
- Total enrollments expected to be approximately 350,000, reflecting growth of 4% versus 2020;
- Revenues expected to be in the range of $1,025 to $1,065 million, reflecting growth of 2%-6% on an organic constant currency basis versus 2020; and
- Adjusted EBITDA expected to be in the range of $205 to $215 million, reflecting growth of 13%-18% on an organic constant currency basis versus 2020. Anticipated Adjusted EBITDA in 2021 is prior to rightsizing of Corporate G&A infrastructure and includes approximately $13 million of non-cash charges related to the write-off of an indemnification asset related to a prior period acquisition.
For earnings history and earnings-related data on Laureate Education (LAUR) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Stride Inc. (LRN) Tops Q3 EPS by 17c, provides guidance
- Visa (V) earnings and revenue exceed estimates in Q2, shares rise
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!