JOHN WILEY & SONS Reports Second Quarter Earnings for FY2024
December 14, 2023
🌥️Earnings Overview
John Wiley & Sons ($NYSE:WLY) reported their financial results for the second quarter of FY2024, which concluded on December 6 2023, on October 31 2023. The company’s total revenue for the quarter was USD 492.8 million; this amount was 4.3% lower than the same period of the previous year. In terms of net income, the firm reported a loss of USD 19.4 million, compared to a profit of 38.2 million in the prior year.
Market Price
The stock opened at $29.1 and closed at $30.1, a drop of 1.1% from the previous closing price of 30.4. This drop reflects a decrease in profits and a lower than expected outlook for the company in the upcoming quarters. The company also reported a decrease in revenue, citing their inability to capture new customers and a decrease in market share due to increased competition. The company’s leadership had previously predicted a strong quarter but the results were far from what had been expected. JOHN WILEY & SONS remains optimistic about the future of the company as they plan to invest in new technology, focus on innovation and customer service excellence, and develop strategies to capture new markets.
Despite the drop in earnings, JOHN WILEY & SONS is well positioned to take advantage of a rebound in the economy and to continue to grow and expand their business. The stock price is still above its pre-pandemic levels and the company remains confident in their ability to return to profitability in the coming quarters. Investors remain cautiously optimistic about the company’s future prospects and are watching closely to see how their strategies play out in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WLY. More…
| Total Revenues | Net Income | Net Margin |
| 1.96k | -114.83 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WLY. More…
| Operations | Investing | Financing |
| 269.78 | -102.02 | -190.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WLY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.78k | 1.91k | 16.98 |
Key Ratios Snapshot
Some of the financial key ratios for WLY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | 3.2% | -3.8% |
| FCF Margin | ROE | ROA |
| 8.2% | -5.0% | -1.7% |
Analysis
GoodWhale conducted an analysis of JOHN WILEY & SONS’s fundamentals and determined that they are strong in dividend and profitability, and weak in asset and growth. Based on this, we classified them as a ‘cow’ type of company; one that has a track record of paying out consistent and sustainable dividends. This makes them an attractive option for investors looking for stable and reliable returns. In addition, JOHN WILEY & SONS scored highly on our health score with a 7/10 rating. This confirms that they have a good cashflow and are capable of sustaining future operations even in times of crisis. Overall, JOHN WILEY & SONS is an ideal stock choice for investors looking for a reliable, low-risk investment. More…
Peers
Competition in the publishing industry is fierce, with John Wiley & Sons Inc. facing challenges from prominent rivals such as Sasbadi Holdings Bhd, Hanoi Education Investment and Development Joint Stock Co, and Promotora de Informaciones SA. Each of these companies has their own unique business model, but they are all vying for the same customers – readers and businesses who need the services they provide. With John Wiley & Sons Inc. at the helm, this competitive landscape will only grow more intense.
– Sasbadi Holdings Bhd ($KLSE:5252)
Sasbadi Holdings Bhd is a Malaysian educational publisher and learning solutions provider. It has a market capitalisation of 50.96 million as of 2023 and a negative Return on Equity of -5.29%. Market capitalisation is a measure of the company’s size and reflects the total value of all its assets, while Return on Equity measures the profitability of the company relative to the equity invested by its shareholders.
– Hanoi Education Investment And Development Joint Stock Co ($HNX:EID)
Promotora de Informaciones SA is a multinational information services company based in Spain. With a market capitalization of 212.27 million Euros as of 2023, the company is among the larger players in the industry. Its Return on Equity (ROE) of -4.03% indicates a high level of profitability and efficiency in the use of investor capital. The company provides a range of information services, such as market research, data processing, and analysis. It also offers customised solutions to clients and helps them make informed decisions through its comprehensive databases and analytics tools.
Summary
John Wiley & Sons’ second quarter of FY2024 saw a decrease in total revenue of 4.3% compared to the previous year. Net income for the period was reported to be USD -19.4 million, a stark contrast to the 38.2 million profit reported the year before. This could be an indication of a difficult financial period for the company and investors should assess their risk exposure when considering buying or keeping John Wiley & Sons stock. It is essential to understand future trends, such as potential revenue growth and cost control, in order to make informed investment decisions.
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