Pearson shares jump 4% as it shows promising rise in Q1 online learning

April 26, 2021 10:58 PM AEST | By Abhijeet

Pearson shares jump 4% as it shows promising rise in Q1 online learning — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Among top FTSE 100 gainers

According to the latest data available with the London Stock Exchange, the stock of Pearson advanced as much as 3.82 per cent to an one-and-half month high of GBX 831.60 apiece from the previous closing of GBX 801 in the morning session. It made an intraday peak of GBX 838 on 8 March 2021 following the release of financial results for the FY20.

Pearson Plc (26 April)

(Source: Refinitiv, Thomson Reuters)

Earlier this year, the stock of Pearson registered a fresh 52-week high of GBX 909 on 27 January. Pearson shares have witnessed a steep decline in a broad period from the end of July 2019 to the middle of May 2020, catalysed by the pandemic-led stock market crash.

Notably, the stock turned positive in terms of annual returns in December 2020, recovering from the yearly bottoms driving on the back of vaccine optimism.

Highlights of Q1 update

The cumulative growth in the number people tilting towards online learning due to hardships of Covid-19 has been quite eventful for Pearson.
The company has managed to witness a 5 per cent growth in the quarterly revenue for the January-March period as the company repositioned itself for a strong direct to consumer focus with sustainable growth.
Leading from the front, the global online learning has emerged as the top contributors in driving the revenue in an upward direction for the reporting period as a strong growth in the virtual schools have been seen with a growth of 25 per cent.
The rising number of enrolments in partner schools, as well as US district partnerships in the present academic year has steered a major rise in the global online learning segment.
On the contrary, the company has witnessed a modest growth in the operating profit margin due to the extended impact of discontinued programs.
Pearson expects its performance to remain in-line with the 2021 outlook, it outlined on 8 March, while announcing the fiscal report card for 2020.

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