Laureate Education, Inc. Provides Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2021 and for Full-Year 2022
February 09, 2022 at 07:35 am EST
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Laureate Education, Inc. provided earnings guidance for the fourth quarter and year ended December 31, 2021 and for full-year 2022. Based on preliminary information, Laureate expects fourth quarter revenue of approximately $295 to $297 million.
For the year ended December 31, 2021, the company expects revenue of approximately $1,085 to $1,087 million.
For the year 2022, total enrollments expected to be in the range of 405,000 to 415,000; Revenues expected to be in the range of $1,169 to $1,194 million.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
