John Wiley & Sons Q1 EPS $0.27 Beats $(0.06) Estimate, Sales $451.00M Beat $360.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
John Wiley & Sons (NYSE:WLY) reported Q1 earnings of $0.27 per share, beating the analyst consensus estimate of $(0.06) by 550 percent. This is a 25 percent decrease from the same period last year. The company also reported quarterly sales of $451.00 million, beating the analyst consensus estimate of $360.90 million by 24.97 percent, but a 7.50 percent decrease from the same period last year.
September 07, 2023 | 11:32 am
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John Wiley & Sons reported better than expected Q1 earnings and sales, but both are down compared to the same period last year.
While John Wiley & Sons beat analyst estimates for Q1 earnings and sales, the fact that both are down compared to the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the year-over-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100