Pearson PLC
PSON: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|RmH | LOCK|!tJ | LOCK|jW!L%K# |
Narrow-Moat Pearson Prints a Solid First Quarter
Narrow-moat Pearson proffered up a decent first-quarter update, with organic revenue growth of 7% over the period. It seems the positive momentum achieved in full-year 2021 has spilled over into 2022, with management reaffirming guidance for the full year. We do not expect to make any material changes to our numbers on the back of this update and reiterate our GBX 960 fair value estimate. We view the current share price as attractive.
