John Wiley & Sons Expects Full Year 2024 Adjusted Revenue Trending Toward Mid-To-High End Of $1.58B-$1.63B Range (Est $1.691B); Raises Adj. EPS Forecast From $2.05-$2.40 To $2.45-$2.65 (Est $2.25)
Portfolio Pulse from Benzinga Newsdesk
John Wiley & Sons has updated its full-year 2024 financial outlook, expecting adjusted revenue to trend towards the mid-to-high end of the $1.58B-$1.63B range, against analysts' expectations of $1.691B. Additionally, the company has raised its adjusted EPS forecast from $2.05-$2.40 to $2.45-$2.65, surpassing the estimated $2.25.
March 07, 2024 | 12:38 pm
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POSITIVE IMPACT
John Wiley & Sons has raised its FY2024 revenue and EPS forecasts, indicating a positive financial outlook and potentially surpassing analyst expectations.
The upward revision in both revenue and EPS forecasts for FY2024 suggests that John Wiley & Sons is performing better than previously anticipated. This positive adjustment is likely to instill confidence among investors, potentially leading to an increase in stock price in the short term. The surpassing of analyst EPS estimates further strengthens the case for a positive market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100