Ahead of the 23 February FY17 results’ release, Pearson’s January trading statement underlined FY17 profits at the top-end of guidance while confirming that US Higher Education would remain tough throughout FY18e. No major changes to our FY18e forecasts at this stage. The group is still restructuring with much yet to be delivered. We expect volatility to remain high around the stock over the coming months and prefer to await a visible recovery in the top-line and earnings (not lik
18 Jan 2018
FY17 slightly above guidance but still a poor FY18e ahead
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FY17 slightly above guidance but still a poor FY18e ahead
Pearson PLC (PSON:LON) | 992 -17.9 (-0.2%) | Mkt Cap: 6,786m
- Published:
18 Jan 2018 -
Author:
Véronique Cabioc'h -
Pages:
3
Ahead of the 23 February FY17 results’ release, Pearson’s January trading statement underlined FY17 profits at the top-end of guidance while confirming that US Higher Education would remain tough throughout FY18e. No major changes to our FY18e forecasts at this stage. The group is still restructuring with much yet to be delivered. We expect volatility to remain high around the stock over the coming months and prefer to await a visible recovery in the top-line and earnings (not lik