Pearson (PSON)

Sector:

Media

Index:

FTSE 100

991.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 1,042.00
  • 52 Week Low: 754.00
  • Currency: UK Pounds
  • Shares Issued: 678.21m
  • Volume: 62,229
  • Market Cap: £6,721m
  • RiskGrade: 238

Pearson FY profits jump on strong demand for English courses

By Frank Prenesti

Date: Friday 01 Mar 2024

LONDON (ShareCast) - (Sharecast News) - UK educational publisher Pearson said it expected 2024 earnings to be in line with expectations after reporting a rise in annual profits driven by strong demand for its English language courses and extending its share buyback by £200m.
Pre-tax profit rose to £493m from £323m, although sales fell to £3.67bn from £3.8bn. Operating profit of jumped by 31% to £573m on an underlying basis.

New chief executive Omar Abbosh, who took over in January, said Pearson was well positioned for continued growth, including an inflection point with the development of AI.

"I am optimistic about the opportunities this advancement in technology brings," he said.

Underlying sales growth and profit this year was forecast to be in line with current market expectations, with sales growth of 3.7% and adjusted operating profit of £621m.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pearson Market Data

Currency UK Pounds
Share Price 991.00p
Change Today 4.00p
% Change 0.41 %
52 Week High 1,042.00
52 Week Low 754.00
Volume 62,229
Shares Issued 678.21m
Market Cap £6,721m
RiskGrade 238

Pearson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.36% below the market average90.36% below the market average90.36% below the market average90.36% below the market average90.36% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Price Trend
61.65% above the market average61.65% above the market average61.65% above the market average61.65% above the market average61.65% above the market average
48.94% above the sector average48.94% above the sector average48.94% above the sector average48.94% above the sector average48.94% above the sector average
Income
51.69% below the market average51.69% below the market average51.69% below the market average51.69% below the market average51.69% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
1.13% below the market average1.13% below the market average1.13% below the market average1.13% below the market average1.13% below the market average
4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average4.55% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 4
Sell 0
Strong Sell 1
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pearson Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 10-Aug-23
Paid 03-May-24 18-Sep-23
Amount 15.70p 7.00p

Trades for 29-Apr-2024

Time Volume / Share Price
08:34 103 @ 991.00p
08:34 64 @ 991.00p
08:34 584 @ 991.20p
08:34 130 @ 991.20p
08:34 186 @ 991.00p

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