Laureate Education Inc Down 1.65% To $12.89 After Earnings Miss

Thursday, February 22, 2024 – Laureate Education Inc (LAUR) reported downside earnings and upside revenues.

Wall Street earnings per share (EPS) projections for Laureate Education Inc were at $0.35. The company missed those estimates with an EPS of $0.26. The earnings per share of $0.26 (which represents a -26% EPS surprise) led to the company’s profits rising 4% compared to last year when the firm reported an EPS of $0.25. The increase in Laureate Education Inc’s annual growth rate represents how the business is performing decently amid recent economic conditions.

Consensus estimates for Laureate Education Inc revenue averaged out to $388 million, with the business managing to beat those expectations with reported fourth-quarter revenue of $409.4 million. The $21.4 million (6%) positive revenue surprise led to 18% growth year-over-year as the firm reported revenue of $346.3 million in its year-ago quarter. The lower earnings growth compared to revenue points to Laureate Education Inc not being able to improve its profit margin.

The stock is down 1.65% to $12.89 after the report.

Laureate Education Inc’s revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Laureate Education Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 49. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Laureate Education Inc is an international community of universities. The company provides higher education programs and services to students through an international network of licensed universities and higher education institutions. Its geographical segments include Peru and Mexico.