Pearson Reaffirms 2024 Outlook: Sales Growth, Profit, And Tax In Line With Market Expectations; Expects Free Cash Flow Conversion Of 95-100%
Portfolio Pulse from Benzinga Newsdesk
Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.

July 29, 2024 | 6:55 am
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Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.
Pearson's reaffirmation of its 2024 outlook, including expected sales growth, profit, and tax alignment with market expectations, is likely to positively impact its stock price. The anticipated free cash flow conversion of 95-100% and growth in key divisions such as Higher Education and English Language Learning further support a positive outlook. However, the decline in Virtual Schools may slightly temper the overall positive sentiment.
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