John Wiley & Sons
The 10-second takeaway
For the quarter ended April 30 (Q4), John Wiley & Sons missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share shrank. GAAP earnings per share shrank significantly.
Gross margins grew, operating margins contracted, net margins contracted.
John Wiley & Sons reported revenue of $445.9 million. The two analysts polled by S&P Capital IQ looked for a top line of $466.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.71. The two earnings estimates compiled by S&P Capital IQ anticipated $0.79 per share. Non-GAAP EPS of $0.71 for Q4 were 11% lower than the prior-year quarter's $0.80 per share. GAAP EPS of $0.13 for Q4 were 84% lower than the prior-year quarter's $0.79 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%, 60 basis points better than the prior-year quarter. Operating margin was 12.9%, 250 basis points worse than the prior-year quarter. Net margin was 1.8%, 880 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $408.6 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $1.76 billion. The average EPS estimate is $3.00.
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 $47.67.
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