Laureate Education Q3 revenue rises 21%, beats estimates
Overview
US higher education operator's Q3 revenue rose 21% yr/yr, beating analyst expectations
Adjusted EBITDA for Q3 grew and beat analyst expectations
Company increased share repurchase authorization by $150 mln
Outlook
Laureate reaffirms 2026 revenue outlook of $1.92 bln to $1.93 bln
Company expects 2026 adjusted EBITDA between $593 mln and $599 mln
Laureate sees 2026 adjusted EPS between $2.04 and $2.10
Result Drivers
ENROLLMENT GROWTH - Co said new enrollments increased in both Mexico and Peru, supported by new campus launch and expansion of online offerings
ACADEMIC CALENDAR TIMING - Co said Q3 revenue was favorably affected by semester start dates, resulting in intra-year timing benefits
TAX BENEFIT - Co said net income was boosted by a discrete tax benefit recorded in Q3
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $485.10 mln | $480.17 mln (4 Analysts) |
Q3 Net Income | $101.20 mln | ||
Q3 Adjusted EBITDA | Beat | $146.80 mln | $140.78 mln (4 Analysts) |
Q3 Operating Income | $119.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the schools, colleges & universities peer group is "buy"
Wall Street's median 12-month price target for Laureate Education, Inc. is $42.00, about 15.5% above its October 28 closing price of $36.36
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)