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.