Pearson’s Q1 19 performance was in line with expectations and the group reiterated its FY19e guidance for the stabilisation of consolidated revenues. Including the US K12 Courseware’s disposal (completed at the end of Q1 19) and after adjusting for IFRS16, management expects adjusted OP of £590-640m and adjusted EPS of 53.5-59.0p, i.e. in line with our estimates. Only some fine-tunings to our forecasts with no major changes.
03 May 2019
Start to the year in line and FY19e guidance reiterated
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Start to the year in line and FY19e guidance reiterated
Pearson PLC (PSON:LON) | 992 37.7 0.4% | Mkt Cap: 6,784m
- Published:
03 May 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Pearson’s Q1 19 performance was in line with expectations and the group reiterated its FY19e guidance for the stabilisation of consolidated revenues. Including the US K12 Courseware’s disposal (completed at the end of Q1 19) and after adjusting for IFRS16, management expects adjusted OP of £590-640m and adjusted EPS of 53.5-59.0p, i.e. in line with our estimates. Only some fine-tunings to our forecasts with no major changes.