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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro