Laureate Education Reiterated FY24 Revenue Of $1.551B-$1.566B Vs $1.562B Est
Portfolio Pulse from Benzinga Newsdesk
Laureate Education has reiterated its FY24 revenue guidance of $1.551B-$1.566B, adjusting for recent foreign currency volatility, particularly the Mexican peso. The company expects total enrollments to grow by 4%-5% and adjusted EBITDA to grow by 5%-8% on an as-reported basis.
August 01, 2024 | 11:43 am
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Laureate Education has reiterated its FY24 revenue guidance of $1.551B-$1.566B, adjusting for recent foreign currency volatility, particularly the Mexican peso. The company expects total enrollments to grow by 4%-5% and adjusted EBITDA to grow by 5%-8% on an as-reported basis.
The reiteration of revenue guidance and expected growth in enrollments and adjusted EBITDA are positive indicators for Laureate Education. Adjusting for currency volatility shows proactive management, which could instill investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100