Higher education company Laureate Education (NASDAQ:LAUR) will be reporting results this Thursday before the bell. Here’s what to look for.
Laureate Education beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $236.2 million, down 14.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 477,000 enrolled students, up 3.8% year on year.
Is Laureate Education a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Laureate Education’s revenue to grow 3.4% year on year to $516.4 million, slowing from the 8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Laureate Education has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.3% on average.
Looking at Laureate Education’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hasbro’s revenues decreased 1.5% year on year, beating analysts’ expectations by 11.2%, and Red Rock Resorts reported revenues up 8.2%, topping estimates by 8.4%. Hasbro traded down 3.3% following the results.
Read our full analysis of Hasbro’s results here and Red Rock Resorts’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 7.5% on average over the last month. Laureate Education is down 1.8% during the same time and is heading into earnings with an average analyst price target of $26.50 (compared to the current share price of $22.97).
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