John Wiley & Sons
The 10-second takeaway
For the quarter ended Oct. 31 (Q2), John Wiley & Sons missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Margins contracted across the board.
John Wiley & Sons chalked up revenue of $431.8 million. The two analysts polled by S&P Capital IQ predicted sales of $451.6 million on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $447.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.77. The two earnings estimates compiled by S&P Capital IQ predicted $0.82 per share. GAAP EPS of $0.71 for Q2 were 14% lower than the prior-year quarter's $0.83 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.0%, 30 basis points worse than the prior-year quarter. Operating margin was 12.3%, 380 basis points worse than the prior-year quarter. Net margin was 10.0%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $470.1 million. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $1.80 billion. The average EPS estimate is $3.20.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on John Wiley & Sons is outperform, with an average price target of $54.00.
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