NYSE$WLY
John Wiley & Sons Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Wiley's first quarter performance aligned with expectations as the company continued to execute its plans and position itself for the future. The company realigned its organization to focus on its core strengths and improve profitability.
Wiley reported a decrease in revenue and earnings for the first quarter of 2024. GAAP revenue was $451 million, down 7%. The operating loss was $16 million, and the EPS loss was $1.67. Adjusted revenue was $367 million, down 8%, with an adjusted EPS of $0.27, down 37%. The company is reaffirming its Fiscal Year 2024 outlook.
- GAAP Revenue of $451 million was down 7%.
- Operating loss of $16 million, increase of 4%.
- GAAP EPS loss of $1.67, decrease of $1.35.
- Adjusted EPS of $0.27, a decrease of 37%.
Headline financials
Revenue & EPS history
Wiley · Revenue · Quarterly
$451M
Revenue by segment
Wiley · $367M total across 2 segments · Q1 2024
- Research$258M-6.2%70.2%
- Learning$109M-17.8%29.8%
Forward guidance
Wiley is reaffirming its Fiscal 2024 outlook, excluding businesses held for sale or sold.
Tailwinds
- Adjusted Revenue: $1.580 to $1.630 million
- Research: Flat (+3% ex-Hindawi)
- Learning: Down low single digits
Headwinds
- Adjusted Revenue - primarily due to the Hindawi special issues publishing pause and lower print demand in Academic.
- Adjusted EBITDA - primarily due to projected revenue performance, notably Hindawi, and higher employee costs from the combination of an incentive compensation reset and wage inflation.
- Adjusted EPS - further impacted by $0.42 of non-operational items including a higher tax rate (-$0.21/share), pension expense (-$0.11/share), and interest expense (-$0.10/share).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-1.0%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.7%
Avg return
30 days after
44%
18 / 41 earnings
Positive
+15.1%
Q3 2025
Best reaction
-17.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +4.1% | +7.8% | — | |
| Q3 2026 | +13.9% | +20.2% | +28.2% | |
| Q2 2026 | -9.4% | -18.6% | -22.1% | |
| Q1 2026 | -4.1% | +5.2% | +0.5% | |
| Q4 2025 | +0.0% | +12.7% | +12.4% | |
| Q3 2025 | +15.1% | +23.3% | +10.8% | |
| Q2 2025 | -7.5% | -7.1% | -13.2% | |
| Q1 2025 | -9.3% | -9.8% | +5.6% | |
| Q4 2024 | +11.4% | +9.3% | +26.5% | |
| Q3 2024 | +11.5% | +12.8% | +15.9% | |
| Q2 2024 | -0.3% | +1.2% | +2.3% | |
| Q1 2024 | +1.5% | +2.3% | -2.1% | |
| Q4 2023 | -11.4% | -10.8% | -5.7% | |
| Q3 2023 | -17.4% | -18.6% | -12.8% | |
| Q2 2023 | -5.2% | -7.8% | -6.4% | |
| Q1 2023 | -9.8% | +0.8% | -19.4% | |
| Q4 2022 | +0.4% | +7.2% | +10.5% | |
| Q3 2022 | -0.7% | +3.6% | +4.6% | |
| Q2 2022 | +0.1% | +0.3% | +1.8% | |
| Q1 2022 | -1.1% | +2.0% | -9.1% | |
| Q4 2021 | -4.9% | -12.0% | -8.3% | |
| Q3 2021 | -0.5% | +7.5% | +8.4% | |
| Q2 2021 | +13.8% | +18.8% | +31.4% | |
| Q1 2021 | +5.1% | +3.6% | +4.1% | |
| Q4 2020 | -11.5% | -0.3% | -12.7% | |
| Q3 2020 | +5.4% | +2.1% | -2.2% | |
| Q2 2020 | +1.8% | +2.3% | +1.7% | |
| Q1 2020 | -4.6% | -1.3% | -3.6% | |
| Q4 2019 | +5.1% | +5.8% | +4.0% | |
| Q3 2019 | -16.4% | -13.6% | -13.5% | |
| Q2 2019 | +0.0% | -6.0% | -10.3% | |
| Q1 2019 | -11.0% | -11.8% | -5.1% | |
| Q4 2018 | +2.8% | -1.5% | -4.4% | |
| Q3 2018 | +0.7% | +0.0% | -0.8% | |
| Q2 2018 | +2.7% | +7.2% | +13.1% | |
| Q1 2018 | -2.7% | -2.1% | -1.2% | |
| Q4 2017 | +4.6% | +2.3% | +1.3% | |
| Q3 2017 | -1.1% | +1.1% | +0.6% | |
| Q2 2017 | +2.7% | +3.2% | +0.9% | |
| Q1 2017 | -6.8% | -14.4% | -12.2% | |
| Q4 2016 | -6.4% | -3.5% | +6.8% | |
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