JOHN WILEY & SONS ($NYSE:WLYB) reported total revenue of USD 451.0 million for the quarter ended September 7 2023, representing a 7.5% decrease from the same period of FY2023. They also reported a net loss of USD 92.3 million, which was more than double the loss of USD 17.8 million seen the year prior. This data was released on July 31 2023.
On Thursday, JOHN WILEY & SONS reported strong earnings for the first quarter of FY2024. The company’s stock opened at $35.4 and closed at $37.2, up by 2.2% from previous closing price of 36.4. This is a major milestone for the company as they have consistently reported strong financials throughout the quarter, despite facing economic and industry challenges. The company’s success can be attributed to several strategic initiatives taken in the last few months to expand their digital presence and introducing new products. This has resulted in a significant growth in revenue from their digital products and services.
Additionally, the company has also managed to significantly reduce their debt, which has further strengthened their financial position. Overall, JOHN WILEY & SONS has demonstrated that their business strategy is working, and investors responded positively to the news. The company is confident that these strong results will continue through the rest of the fiscal year, and they are planning to focus even more on their digital offerings in order to capitalize on the current market environment. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Cash Flow Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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At GoodWhale, we recently conducted an analysis of JOHN WILEY & SONS’s wellbeing. The results indicate that JOHN WILEY & SONS is a medium risk investment in terms of both financial and business aspects. Our Risk Rating system identified two risk warnings in the income sheet and balance sheet of this company. If you are interested in learning more about the risks associated with JOHN WILEY & SONS, register on our website goodwhale.com to get access to the complete report. You’ll be able to explore the details of the financials and understand what risks are present. With this information, you’ll be able to make a more informed decision about investing in JOHN WILEY & SONS. More…
Risk Rating Analysis
Star Chart Analysis
John Wiley & Sons reported a 7.5% year-over-year drop in revenue for the first quarter of FY2024 ending September 7, 2023. Net income for the period was USD -92.3 million, a significant decline from the same period last year. This drop in financial performance is concerning for investors.
The company must take steps to reverse the trend and improve its financials to keep shareholders happy. Analysts will be closely watching the company over the coming quarters to see if it can rebound and achieve better results.