NYSE$WLY

John Wiley & Sons Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Wiley's Q3 2020 results saw revenue increase by 4% and EPS increase by 3%.

Wiley's Q3 2020 showed positive momentum with revenue of $467 million, a 4% increase, and EPS of $0.63, a 3% increase. The company acquired mthree for $129 million and raised its full-year EPS outlook while reaffirming revenue, EBITDA, and Free Cash Flow guidance.

  • Revenue increased by 4% to $467 million, and EPS rose by 3% to $0.63.
  • Adjusted results at constant currency showed a 4% increase in revenue, a 7% increase in EBITDA, and a 10% increase in EPS.
  • mthree, a tech talent provider, was acquired for $129 million.
  • The full-year EPS outlook was raised, while revenue, EBITDA, and Free Cash Flow forecasts were reaffirmed.

Headline financials

Total Revenue

$467M

Previous: $449M+4.0%
EPS (adj)

$0.68

Previous: $0.61+11.5%
Adjusted EBITDA Margin

20.0%

No prior period
Capital Expenditures

-$65.9M

Previous: -$50M-31.9%
Free Cash Flow

$23M

Previous: -$2.38M+1064.8%
Net Income

$35.4M

Previous: $34.9M+1.4%
Operating Income

$48.5M

Previous: $50.3M-3.7%
Gross Profit

$313M

Previous: $305M+2.5%
Cash & Equivalents

$117M

Previous: $133M-11.6%
Total Assets

$3.32B

Previous: $2.91B+14.2%
Stock-Based Comp

$5.37M

Previous: $6.09M-11.8%

Revenue & EPS history

Wiley · Revenue · Quarterly

$467M

Q3 2020+4%vs Q3 2019
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Wiley · $407M total across 2 segments · Q2 2024

  • Research
    $258M-4.9%
  • Learning
    $149M-2.4%

Forward guidance

Wiley is raising its EPS outlook and reaffirming for Revenue, EBITDA, and Free Cash Flow.

Tailwinds

  • Revenue outlook reaffirmed at $1,855-$1,885 million.
  • Adjusted EBITDA outlook reaffirmed at $357-$372 million.
  • Free Cash Flow outlook reaffirmed at $210-$230 million.
  • EPS outlook raised to $2.45-$2.55.
  • Guidance includes impact of mthree acquisition.

Headwinds

  • Revenue may be impacted by $17 million due to FX.
  • Adjusted EBITDA may be impacted by $5 million due to FX.
  • Adjusted EBITDA may be impacted by $2 million due to mthree.
  • Adjusted EPS may be impacted by $0.06 due to FX.
  • Adjusted EPS may be impacted by $0.07 due to mthree.

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 Q3 2020

Historical avgQ3 2020

-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

Earnings price reactions
QuarterReport dateReaction (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%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q2 2012
Q3 2012
Q4 2011
Q1 2012
Q4 2009
Q3 2011
Q3 2010
Q2 2011
Q1 2010
Q2 2010
Q4 2010
Q1 2011

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