Profit warning from Pearson which now expects its FY19e adjusted OP at the bottom of its £590-640m guidance (AV: £590m), due to “significantly weaker than expected” trading in the US operations in the “key selling season”. Revenues still anticipated to stabilise but US Higher Education Courseware sales are likely to decline by 8-12% instead of the previous 0% to -5% trend. Adjusted EPS now guided at the bottom of the 57.5-63.0p range (AV: 60.8p). Our model
26 Sep 2019
Significantly weaker than expected Q3 in US Higher Education
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Significantly weaker than expected Q3 in US Higher Education
Pearson PLC (PSON:LON) | 1,044 73.1 0.7% | Mkt Cap: 7,141m
- Published:
26 Sep 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Profit warning from Pearson which now expects its FY19e adjusted OP at the bottom of its £590-640m guidance (AV: £590m), due to “significantly weaker than expected” trading in the US operations in the “key selling season”. Revenues still anticipated to stabilise but US Higher Education Courseware sales are likely to decline by 8-12% instead of the previous 0% to -5% trend. Adjusted EPS now guided at the bottom of the 57.5-63.0p range (AV: 60.8p). Our model