Laureate Education (NASDAQ: LAUR) reported Q2 EPS of $0.25, $0.17 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $385.4 million versus the consensus estimate of $370.7 million.

GUIDANCE:

Laureate Education sees FY2022 revenue of $1.21-1.22 billion, versus the consensus of $1.21 billion.

• Based on the current foreign exchange spot rates2, Laureate currently expects its full-year 2022 results to be as follows:
• Total enrollments are now expected to be in the range of 413,000 to 419,000 students, reflecting growth of 7%-8% on an organic basis versus 2021;
• Revenues are now expected to be in the range of $1,206 million to $1,218 million, reflecting growth of 11%-12% on an as-reported basis and 11%-12% on an organic constant currency basis versus 2021; and
• Adjusted EBITDA is now expected to be in the range of $329 million to $337 million, reflecting growth of 30%-33% on an as-reported basis and 23%-26% on an organic constant currency basis versus 2021.
• Reconciliations of forward-looking non-GAAP measures, specifically the 2022 Adjusted EBITDA outlook, to the relevant forward-looking GAAP measures are not being provided, as Laureate does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlooks and reconciliations. Due to this uncertainty, the Company cannot reconcile projected Adjusted EBITDA to projected net income without unreasonable effort.
• Please see the “Forward-Looking Statements” section in this release for a discussion of certain risks related to this outlook.

For earnings history and earnings-related data on Laureate Education (LAUR) click here.