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Pearson PLC
PSO.NISIN: US7050151056SEDOL: 2704485 |
Rating: SELL |
Target Price: 8.95 USD |
Investment Horizon: 6 to 12 months |
FY 2008 Update Report
Although the US economic crisis has created a challenging operating environment, Pearson managed to report a healthy set of FY 2008 results that exceeded our expectations and were supported by favorable currency movements. In constant currency terms, top-line registered a healthy 8% y-o-y increase. Management stated that the integration of the North American Education Group is on track and the integration…
FY 2008 News Alert
Pearson PLC’s (Pearson) top-line as well as earnings in FY 2008 were above our expectations. Top-line growth was led by strong double-digit percentage growth in the Education and FT Group businesses, despite recessionary trends witnessed in the US economy, which is the company’s largest operating segment. Given the company’s better-than-expected results and current price levels we maintain our BUY rating for the common…
1H 08 Update Report
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Pearson PLC’s (Pearson) 1H 08 top-line exceeded our expectations driven by higher than expected performances across all segments and favorable currency movements. Adjusted EPS, however, was in line with our estimate due to a higher-than-expected tax-rate....
1H 08 News Alert
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Pearson PLC’s (Pearson) top-line as well as earnings in 1H 08 were above our expectations. The company has managed to report healthy y-o-y performance amidst the recent credit crisis and the recessionary trends witnessed in the US economy....
1Q 08 News Alert
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Pearson PLC’s (Pearson) provided a trading update on 25 April 2008, revealing that its 1Q 08 performance was in line with its expectations set out at the onset of the new fiscal year. Additionally on 24 April 2008, FT Group’s Interactive Data Corporation (IDC) reported healthy 1Q 08 results, with top-line growth driven by IDC’s two largest institutional businesses: Pricing and Reference Data and Real-Time Services....
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