John Wiley & Sons Meets on the Top Line, Misses Where It Counts
John Wiley & Sons (NYS: JW.A) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q3), John Wiley & Sons met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins grew, and net margins increased.
John Wiley & Sons reported revenue of $451.1 million. The two analysts polled by S&P Capital IQ hoped for a top line of $453.1 million on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $447.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.91. The three earnings estimates compiled by S&P Capital IQ averaged $0.95 per share on the same basis. GAAP EPS of $1.03 for Q3 were 39% higher than the prior-year quarter's $0.74 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 68.5%, 70 basis points worse than the prior-year quarter. Operating margin was 17.4%, 180 basis points better than the prior-year quarter. Net margin was 13.9%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $454.6 million. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $1.79 billion. The average EPS estimate is $3.12.
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 $52.25.
- Add John Wiley & Sons to My Watchlist.