Laureate Education Third Quarter 2024 Earnings: Beats Expectations

Laureate Education (NASDAQ:LAUR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$368.6m (up 2.0% from 3Q 2023).
• Net income: US$85.5m (up 138% from 3Q 2023).
• Profit margin: 23% (up from 9.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$0.56 (up from US$0.23 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Laureate Education Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Laureate Education that you should be aware of.

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