Pearson reported FY17 results globally in line with its recent January Trading statement guidance. FY18e guidance is unchanged for an adjusted OP up between 2% and +9.8% on a comparable basis (£510m in FY17) to £520-560m and an adjusted EPS at 49-53p. No major changes to our EPS18e and EPS19e, but a slight increase to our target price. Pearson is still under restructuring mode with improving signs anticipated from FY18e but likely to be more visible in FY19e.
26 Feb 2018
Deploying its strategic priorities for digital transformation and simplifying the business
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Deploying its strategic priorities for digital transformation and simplifying the business
Pearson PLC (PSON:LON) | 994 -6 (-0.1%) | Mkt Cap: 6,795m
- Published:
26 Feb 2018 -
Author:
Véronique Cabioc'h -
Pages:
4
Pearson reported FY17 results globally in line with its recent January Trading statement guidance. FY18e guidance is unchanged for an adjusted OP up between 2% and +9.8% on a comparable basis (£510m in FY17) to £520-560m and an adjusted EPS at 49-53p. No major changes to our EPS18e and EPS19e, but a slight increase to our target price. Pearson is still under restructuring mode with improving signs anticipated from FY18e but likely to be more visible in FY19e.