John Wiley & Sons (WLY) Q2 Earnings Report Preview: What To Look For

Educational publishing company John Wiley & Sons (NYSE:WLY) will be reporting results tomorrow morning. Here’s what investors should know.

John Wiley & Sons beat analysts’ revenue expectations by 6.8% last quarter, reporting revenues of $468.5 million, down 11% year on year. It was a decent quarter for the company, with full-year revenue guidance beating analysts’ expectations.

Is John Wiley & Sons a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting John Wiley & Sons’s revenue to decline 14.1% year on year to $387.4 million, a further deceleration from the 7.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. John Wiley & Sons has missed Wall Street’s revenue estimates three times over the last two years.

Looking at John Wiley & Sons’s peers in the media segment, some have already reported their Q2 results, giving us a hint as to what we can expect. fuboTV delivered year-on-year revenue growth of 25%, beating analysts’ expectations by 6.2%, and News Corp reported revenues up 5.9%, topping estimates by 3%. fuboTV traded down 5.7% following the results while News Corp was up 3.6%.

Read our full analysis of fuboTV’s results here and News Corp’s results here.

There has been positive sentiment among investors in the media segment, with share prices up 4.5% on average over the last month. John Wiley & Sons is up 7.5% during the same time and is heading into earnings with an average analyst price target of $53 (compared to the current share price of $47.55).

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