Pearson (PSON)

Sector:

Media

Index:

FTSE 100

1,194.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 1,217.50
  • 52 Week Low: 919.60
  • Currency: UK Pounds
  • Shares Issued: 666.22m
  • Volume: 136,178
  • Market Cap: £7,955m
  • RiskGrade: 238
  • Beta: 0.54

Pearson upbeat after strong third quarter

By Abigail Townsend

Date: Tuesday 29 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Educational publisher Pearson reiterated its full-year outlook on Tuesday, after an uptick in quarterly sales.
Updating on trading, the blue chip said sales rose 4% in the third quarter and by 2% in the year to date. Underlying sales growth, which strips out businesses under strategic review, was 5% and 3% respectively over the two periods.

Driving the uplift was a 6% jump in sales in Pearson's core assessment and qualifications division, and in workforce skills. Sales strengthened 4% in virtual learning and by 4% in higher education.

As a result, the learning specialist said it remained on track to meet full-year guidance, with 2024 group underlying sales growth, adjusted operating profit, interest and tax outlook all in line with market expectations.

Omar Abbosh, chief executive, said: "Pearson is delivering on the three priorities for 2024 that I identified at the start of the year.

"Our focus on operational and financial performance has driven growth across all division, and we are on track to meet our full-year expectations."

He added that the firm was accelerating AI capabilities across the business, and was already starting to see commercial benefit of the technology.

Roddy Davidson, analyst at Shore Capital, said: "We are pleased to note the improving performance, momentum and reassuring nature of the accompanying outlook comments.

"It is also encouraging to see signs that the group's growth strategy is gaining traction."

Email this article to a friend

or share it with one of these popular networks:


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 1,194.00p
Change Today 2.00p
% Change 0.17 %
52 Week High 1,217.50
52 Week Low 919.60
Volume 136,178
Shares Issued 666.22m
Market Cap £7,955m
Beta 0.54
RiskGrade 238

Pearson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.98% below the market average95.98% below the market average95.98% below the market average95.98% below the market average95.98% below the market average
95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average
Price Trend
79.76% above the market average79.76% above the market average79.76% above the market average79.76% above the market average79.76% above the market average
82.22% above the sector average82.22% above the sector average82.22% above the sector average82.22% above the sector average82.22% above the sector average
Income
74.8% below the market average74.8% below the market average74.8% below the market average74.8% below the market average74.8% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Growth
15.44% above the market average15.44% above the market average15.44% above the market average15.44% above the market average15.44% above the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% 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
  Interim Final
Ex-Div 08-Aug-24 21-Mar-24
Paid 16-Sep-24 03-May-24
Amount 7.40p 15.70p

Trades for 21-Nov-2024

Time Volume / Share Price
12:38 225 @ 1,194.00p
12:38 182 @ 1,194.00p
12:38 120 @ 1,194.00p
12:35 164 @ 1,194.50p
12:33 46 @ 1,194.00p

Top of Page