NYSE$WLY

John Wiley & Sons Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Wiley's Q4 results were impacted by unusual items, including non-cash goodwill and trade name impairments, but showed strong momentum in Open Access research publishing and digital courseware.

Wiley's Q4 2020 GAAP revenue was $475 million, a 3% decrease, with an EPS of -$2.83. Adjusted revenue decreased by 2%, EBITDA by 23%, and EPS by 44%, primarily due to the impact of COVID-19. The company saw strong growth in Open Access research publishing and digital courseware.

  • Revenue of $475 million (-3%) and EPS of -$2.83, primarily due to impact of unusual items totalling -$3.49 per share, including non-cash goodwill and trade name impairments
  • Revenue -2%, EBITDA -23%, and EPS -44%, mainly reflecting the COVID-19 impact on print books, test prep, and corporate training
  • Strong momentum in Open Access research publishing and digital courseware
  • Addition of four new university partners in Education Services (Drake University, University of Iowa, Methodist University, and Point University)

Headline financials

Total Revenue

$475M

Previous: $491M-3.4%
EPS (adj)

$0.66

Previous: $1.05-37.1%
Adjusted EBITDA Margin

19.5%

No prior period
Capital Expenditures

$22.7M

Previous: $27.2M-16.6%
Free Cash Flow

$177M

Previous: $176M+0.5%
Net Income

-$158M

Previous: $63.2M-349.9%
Operating Income

-$171M

Previous: $80M-313.3%
Gross Profit

$1.24B

Previous: $1.25B-0.4%
Cash & Equivalents

$202M

Previous: $92.9M+118.0%
Total Assets

$3.17B

Previous: $2.95B+7.5%
Stock-Based Comp

$4.35M

Previous: $3.35M+29.6%

Revenue & EPS history

Wiley · Revenue · Quarterly

$475M

Q4 2020-3.4%vs Q4 2019
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Wiley · $401M total across 2 segments · Q4 2020

  • Research
    $251M
  • Learning
    $150M

Forward guidance

Wiley cannot confidently predict the extent or duration of the impact of the pandemic on its operating results and is therefore not providing a fiscal year 2021 outlook.

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 Q4 2020

Historical avgQ4 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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