Laureate Education beats Q2 estimates on strong enrollment growth
LAUR•Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 6 strong buy or buy ratings, no hold ratings and 1 sell or strong sell rating.
The average consensus recommendation for the miscellaneous educational service providers peer group is buy.
Wall Street's median 12-month price target for Laureate Education Inc is $41.00, about 6.7% above its July 29 closing price of $38.41. The stock recently traded at 17 times the next 12-month earnings, versus a P/E of 16 three months ago.
Enrollment growth and timing effects
The company said new enrollments rose 10% and total enrollments increased 6% in H1, with growth in both Mexico and Peru.
Laureate said revenue and adjusted EBITDA were negatively affected by later semester start dates, which delayed some revenue recognition. The company also cited the launch of a new campus and continued expansion of as contributing to operating momentum.
