Academic publishing company John Wiley & Sons (NYSE: WLY) will be reporting earnings this Tuesday before the bell. Here’s what to expect.
Wiley beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $404.6 million, down 12.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Wiley a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Wiley’s revenue to decline 7.1% year on year to $435 million, improving from the 11% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.27 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. Wiley has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 10.9% on average.
Looking at Wiley’s peers in the media & entertainment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. EchoStar’s revenues decreased 3.6% year on year, meeting analysts’ expectations, and Sinclair reported a revenue decline of 2.8%, in line with consensus estimates. EchoStar traded down 15.4% following the results while Sinclair was also down 4.8%.
Read our full analysis of EchoStar’s results here and Sinclair’s results here.
Investors in the media & entertainment segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. Wiley is down 13.8% during the same time and is heading into earnings with an average analyst price target of $60 (compared to the current share price of $37.73).
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