John Wiley & Sons Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

December 07, 2023

John Wiley & Sons (NYSE:WLY) Second Quarter 2024 Results

Key Financial Results

Revenue: US$492.8m (down 4.3% from 2Q 2023).
Net loss: US$19.4m (down by 151% from US$38.2m profit in 2Q 2023).
US$0.35 loss per share (down from US$0.69 profit in 2Q 2023).

earnings-and-revenue-history — NYSE:WLY Earnings and Revenue History December 7th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

John Wiley & Sons Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for John Wiley & Sons that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.