JOHN WILEY & SONS Reports Impressive Earnings for First Quarter of FY2024
September 9, 2023
☀️Earnings Overview
John Wiley & Sons ($NYSE:WLYB) reported a decrease in total revenue and cash and cash equivalents for the first quarter of their Fiscal Year 2024, which ended on July 31, 2023. The firm earned USD 451.0 million in revenue, a 7.5% drop from the same period in the prior year. Net income for the quarter was USD -92.3 million, as opposed to a net loss of -17.8 million in the prior year.
Market Price
The company’s stock opened at $35.4 and closed at $37.2, representing a 2.2% increase from its last closing price of 36.4. This marks the sixth consecutive quarter of strong earnings for the company, indicating that it remains a cornerstone of the market. The company attributed its success to its focus on innovative digital offerings and its ability to take advantage of global opportunities.
In particular, the company highlighted its rapid expansion in Asia, which has contributed significantly to its growth. The impressive financial results of JOHN WILEY & SONS have been welcomed by investors and analysts alike, who have hailed the company’s commitment to staying ahead of the curve in the ever-changing digital landscape. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WLYB. More…
| Total Revenues | Net Income | Net Margin |
| 1.98k | -57.2 | 4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WLYB. More…
| Operations | Investing | Financing |
| 284.68 | -102.33 | -180.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WLYB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.93k | 1.99k | 16.95 |
Key Ratios Snapshot
Some of the financial key ratios for WLYB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 4.0% | -0.4% |
| FCF Margin | ROE | ROA |
| 8.9% | -0.5% | -0.2% |
Analysis
At GoodWhale, we recently conducted an analysis of JOHN WILEY & SONS to assess their wellbeing. After an extensive analysis, we have concluded that JOHN WILEY & SONS is a medium risk investment in terms of financial and business aspects. This came to us as a surprise as this company is renowned for its strong financial position. However, our analysis revealed two risk warnings in the income sheet and balance sheet that need to be addressed. In order to access information about the two risk warnings, you need to become a registered user. Once you have signed up, you can access our comprehensive reports about JOHN WILEY & SONS and make an informed decision about investing in this company. More…
Summary
John Wiley & Sons’ first quarter of FY2024 showed a decrease of 7.5% in total revenue, and a net loss of -92.3 million, compared to a prior year loss of -17.8 million. This is a significant drop in profitability for the company and investors should take caution before investing. The decline in revenue could be due to a variety of factors, including economic conditions, changing consumer preferences, or competition from other industry players. Investors should carefully consider these factors before making an investment decision.
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