John Wiley & Sons (WLY) Q3 Earnings Report Preview: What To Look For

StockStory
2024-12-04
John Wiley & Sons (WLY) Q3 Earnings Report Preview: What To Look For

Educational publishing company John Wiley & Sons (NYSE:WLY) will be reporting earnings tomorrow morning. Here’s what to look for.

John Wiley & Sons beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $403.8 million, down 10.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS 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 14.8% year on year to $420 million, a further deceleration from the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.

Analysts covering the company have generally 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 twice over the last two years.

Looking at John Wiley & Sons’s peers in the media segment, some have already reported their Q3 results, giving us a hint as to what we can expect. fuboTV delivered year-on-year revenue growth of 20.3%, beating analysts’ expectations by 2.5%, and Warner Bros. Discovery reported a revenue decline of 3.6%, falling short of estimates by 1.7%. fuboTV traded down 17% following the results while Warner Bros. Discovery was up 9.9%.

Read our full analysis of fuboTV’s results here and Warner Bros. Discovery’s results here.

There has been positive sentiment among investors in the media segment, with share prices up 8.7% on average over the last month. John Wiley & Sons is up 2.5% during the same time and is heading into earnings with an average analyst price target of $53 (compared to the current share price of $50.83).

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