Pearson Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pearson (LON:PSON) Full Year 2024 Results

Key Financial Results

• Revenue: UK£3.55b (down 3.3% from FY 2023).
• Net income: UK£434.0m (up 15% from FY 2023).
• Profit margin: 12% (up from 10% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: UK£0.65 (up from UK£0.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pearson EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 14%.

The primary driver behind last 12 months revenue was the Assessment & Qualifications segment contributing a total revenue of UK£1.59b (45% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£1.25b (90% of total expenses). Explore how PSON's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Services industry in the United Kingdom.

Performance of the British Consumer Services industry.

The company's shares are down 1.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Pearson's balance sheet health.

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