Laureate FY24 Outlook: Revenue $1.553B - $1.568B Vs. $1.561B Estimate, Total Enrollments 467K - 473K, Adj. EBITDA $441M - $451M
Portfolio Pulse from Benzinga Newsdesk
Laureate Education, Inc. (LAUR) provided its fiscal year 2024 outlook, projecting revenue between $1.553 billion and $1.568 billion, total enrollments between 467,000 and 473,000, and adjusted EBITDA between $441 million and $451 million. The company anticipates stronger growth in Mexico due to a positive macroeconomic environment, while expecting more muted growth in Peru due to the current economic downturn, with recovery anticipated in the second half of the year.
February 22, 2024 | 12:25 pm
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POSITIVE IMPACT
Laureate Education, Inc. projects FY24 revenue of $1.553B-$1.568B, enrollments of 467K-473K, and adjusted EBITDA of $441M-$451M, indicating growth across key financial metrics.
The positive outlook provided by Laureate Education for fiscal year 2024, including expected revenue and enrollment growth, suggests a bullish sentiment for the company's stock in the short term. The detailed projections, especially the anticipated stronger growth in Mexico, support the expectation of improved financial performance. However, the cautious outlook for Peru introduces some uncertainty, slightly moderating the overall confidence in the impact assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100