Laureate Education (LAUR) Surges 15.8%: Is This an Indication of Further Gains?
Zacks Investment Research | May 03, 2021 01:36AM ET
Laureate Education (NASDAQ:LAUR), Inc. LAUR shares rallied 15.8% in the last trading session to close at $13.75. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 15% loss over the past four weeks.
The share price of Laureate got a boost after the U.S. Department of Justice (DOJ) has decided to drop an investigation involving the company.
Price and Consensus
This for-profit higher education purveyor is expected to post quarterly loss of $0.44 per share in its upcoming report, which represents a year-over-year change of -174.6%. Revenues are expected to be $190.8 million, down 63.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Laureate Education, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LAUR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 3 (Hold). You can see Zacks Investment Research
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