John Wiley & Sons (WLY) Q1 Earnings: What To Expect

Kayode Omotosho /
2024/06/12 3:01 am EDT

Educational publishing company John Wiley & Sons (NYSE:WLY) will be reporting earnings tomorrow before the bell. Here's what you need to know.

John Wiley & Sons beat analysts' revenue expectations by 17.3% last quarter, reporting revenues of $460.7 million, down 6.2% year on year. It was a mixed quarter for the company: John Wiley & Sons blew past analysts' revenue expectations. EPS guidance for the full was also above expectations, another big positive. On the other hand, its full-year revenue guidance missed and its operating margin fell short of Wall Street's estimates.

Is John Wiley & Sons a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting John Wiley & Sons's revenue to decline 16.6% year on year to $438.7 million, a further deceleration from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.81 per share.

John Wiley & Sons Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. John Wiley & Sons has missed Wall Street's revenue estimates three times over the last two years.

Looking at John Wiley & Sons's peers in the media segment, some have already reported their Q1 results, giving us a hint as to what we can expect. The New York Times delivered year-on-year revenue growth of 5.9%, meeting analysts' expectations, and fuboTV reported revenues up 24%, topping estimates by 5.5%. The New York Times traded up 3.8% following the results while fuboTV was down 9.4%.

Read our full analysis of The New York Times's results here and fuboTV's results here.

Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the media stocks have fared somewhat better, they have not been spared, with share prices down 3.5% on average over the last month. John Wiley & Sons is down 6.9% during the same time and is heading into earnings with an average analyst price target of $50 (compared to the current share price of $35.68).

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