An international media and education company, providing educational materials, technologies, assessments and related services to teachers and students. Owner of The Financial Times and part owner (47%) of Penguin Random House. I have a holding in my income portfolio (epic code: PSON).
Pearson released their post year IMS on Wednesday and said that they expect to report 2014 results in line with the guidance they set out at the beginning of 2014 of EPS between 62p to 67p. They expect to be at the top end of that guidance with adjusted operating profit and adjusted EPS expected to be approximately £720m and 66p, respectively.
Their guidance range for 2015 is adjusted EPS of between 75p to 80p, a growth range of 13.6% to 21.2% on an historic P/E of 20.
Preliminary results will be announced on 27 February 2015.
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