2024-05-03 11:20:49 ET
Summary
- Pearson plc's Q1 2024 sales growth numbers indicate that the company's full-year top-line expansion is likely to be in line with what it guided for previously.
- Pearson has the financial strength to support shareholder capital return, and it has bought £202 million worth of its own shares in this year thus far.
- A Buy rating for Pearson is retained following an assessment of its first quarter disclosures.
Elevator Pitch
I still award a Buy investment rating to Pearson plc ( PSO ) [PSON:LN]. The focus of my prior update written on February 6, 2024, was the preview of PSO's full-year 2023 results....
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Pearson: First Quarter Metrics Were Good