Wiley Expects FY24 Adjusted Revenue Of $1.58B-$1.63B Versus Consensus Of $1.69B
Portfolio Pulse from Benzinga Newsdesk
Wiley provided guidance for FY24 with an expected adjusted revenue of $1.58B-$1.63B, which falls short of the consensus estimate of $1.69B.
December 06, 2023 | 1:07 pm
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NEGATIVE IMPACT
Wiley's FY24 revenue guidance is below market expectations, which could lead to a negative short-term reaction in its stock price.
Revenue guidance that is below consensus estimates typically leads to a negative perception of a company's future performance and can result in a decrease in stock price as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Wiley's FY24 revenue guidance is below market expectations, which could lead to a negative short-term reaction in its stock price.
Revenue guidance that is below consensus estimates typically leads to a negative perception of a company's future performance and can result in a decrease in stock price as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100