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

StockStory
04 Dec 2024
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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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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