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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