Higher education company Laureate Education (NASDAQ:LAUR) will be reporting earnings tomorrow morning. Here's what you need to know.

Laureate Education beat analysts' revenue expectations by 5.6% last quarter, reporting revenues of $409.4 million, up 18.2% year on year. It was a mixed quarter for the company, with a beat of analysts' revenue estimates but a miss of analysts' earnings estimates.

Is Laureate Education a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Laureate Education's revenue to grow 7.2% year on year to $269.3 million, slowing from the 19.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Laureate Education has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 4.4% on average.

Looking at Laureate Education's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Strategic Education delivered year-on-year revenue growth of 13.1%, beating analysts' expectations by 5.8%, and Nike reported flat revenue, topping estimates by 1.1%. Strategic Education traded up 20.2% following the results while Nike was down 7%.

Read our full analysis of Strategic Education's results here and Nike's results here.

Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 5.9% on average over the last month. Laureate Education's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $17.7 (compared to the current share price of $14.5).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.