Laureate Education Inc is a global leader in higher education, focusing on providing accessible and innovative educational opportunities to students around the world
The company operates a diverse network of accredited institutions that offer a range of undergraduate and graduate programs across various disciplines. With a commitment to academic excellence and student success, Laureate strives to empower learners through flexible learning options, including online and on-campus experiences. By leveraging technology and partnerships, the company aims to enhance the quality of education and foster career-ready graduates in an increasingly globalized job market.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the education services stocks, including Bright Horizons (NYSEBFAM) and its peers.
Let’s dig into the relative performance of Laureate Education (NASDAQLAUR) and its peers as we unravel the now-completed Q3 education services earnings season.
Child care and education company Bright Horizons (NYSEBFAM)
will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Shares of higher education company Laureate Education (NASDAQLAUR)
jumped 14.6% in the morning session after the company reported strong third-quarter earnings that blew past analysts' EPS expectations. Its EBITDA also outperformed Wall Street's estimates. Similarly, EBITDA guidance came ahead. Overall, we think this was a decent quarter with some key metrics above expectations.
Higher education company Laureate Education (NASDAQLAUR) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 2% year on year to $368.6 million. The company expects the full year’s revenue to be around $1.55 billion, close to analysts’ estimates. Its GAAP profit of $0.56 per share was also 250% above analysts’ consensus estimates.
Needham raised the price target for MACOM Technology Solutions Holdings, Inc. (NASDAQMTSI) from $65 to $84. Needham analyst Quinn Bolton maintained a Buy rating. MACOM Technology shares rose 0.1% to $170.70 in pre-market trading.
