Roller-Coaster Ride Continues for Pearson Into Q3
Weakness in sales growth continued into the third quarter for Pearson, albeit with some improvement in September. However, the firm's business model is highly seasonal, with full-year results heavily dependent on the fourth quarter. Increased cost-savings targets offset some of this trading weakness; thus, we do not expect to make any material changes to our forecast for the full year. We retain our GBX 950 fair value estimate and our narrow moat rating.Pearson generates almost two thirds of it...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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