Pearson confirmed its recent FY19 estimates, reporting in line figures (flat underlying revenue growth, adjusted OP: £581m, adjusted EPS: 57.8p). Final dividend raised from 13p to 13.5p. Reiterated FY20e guidance for adjusted OP (excluding Penguin; at 31/12/19 FX) of £410-490m with continuing poor trends in Higher Education hurting the whole business. No major changes expected to our forecasts. No share price driver without any sign of stabilisation/recovery in Higher Education an
21 Feb 2020
A tough FY20e reiterated
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A tough FY20e reiterated
Pearson PLC (PSON:LON) | 994 -6 (-0.1%) | Mkt Cap: 6,795m
- Published:
21 Feb 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson confirmed its recent FY19 estimates, reporting in line figures (flat underlying revenue growth, adjusted OP: £581m, adjusted EPS: 57.8p). Final dividend raised from 13p to 13.5p. Reiterated FY20e guidance for adjusted OP (excluding Penguin; at 31/12/19 FX) of £410-490m with continuing poor trends in Higher Education hurting the whole business. No major changes expected to our forecasts. No share price driver without any sign of stabilisation/recovery in Higher Education an