Yahoo Finance Laureate Education (LAUR) Q2 Earnings: What To Expect
Higher education company Laureate Education (NASDAQ:LAUR) will be reporting earnings tomorrow morning. Here's what investors should know.
Laureate Education beat analysts' revenue expectations by 2.3% last quarter, reporting revenues of $275.4 million, up 9.6% year on year. It was a slower quarter for the company, with a miss of analysts' earnings estimates.
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 4.7% year on year to $483.7 million, slowing from the 19.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.63 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 a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 4% 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. Royal Caribbean delivered year-on-year revenue growth of 16.7%, beating analysts' expectations by 1.6%, and Churchill Downs reported revenues up 15.9%, topping estimates by 3.7%. Royal Caribbean traded down 6.7% following the results while Churchill Downs's stock price was unchanged.
Read our full analysis of Royal Caribbean's results here and Churchill Downs's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.8% on average over the last month. Laureate Education is up 7.2% during the same time and is heading into earnings with an average analyst price target of $18 (compared to the current share price of $15.57).
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