Laureate Revises Earnings and Operating Guidance for the Year 2021
November 04, 2021 at 07:30 am EDT
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Laureate revised earnings and operating guidance for the year 2021. The company expects total enrollments expected to be approximately 385,000, reflecting growth of 14% versus 2020. The company expects revenues expected to be in the range of $1,075 to $1,085 million, reflecting growth of 8%-9% on an organic constant currency basis versus 2020. The company is increasing its full year 2021 guidance at the midpoint by 35,000 total enrollments, $35 million for revenue.
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. 
