Why Publishing Company John Wiley & Sons' Shares Are Surging On Thursday?
Portfolio Pulse from Shivani Kumaresan
John Wiley & Sons Inc (NYSE:WLY) shares surged after reporting better-than-expected Q4 FY24 earnings and initiating FY25 guidance. Despite a 10.9% decline in sales, the company beat analyst estimates and showed strong performance in Learning and Research segments. Adjusted EPS of $1.21 surpassed the consensus of 81 cents. The company also provided a positive outlook for FY25.
June 13, 2024 | 7:59 pm
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POSITIVE IMPACT
John Wiley & Sons Inc (NYSE:WLY) shares surged 11.9% after reporting better-than-expected Q4 FY24 earnings and providing a positive FY25 outlook. Despite a 10.9% decline in sales, the company beat analyst estimates and showed strong performance in Learning and Research segments. Adjusted EPS of $1.21 surpassed the consensus of 81 cents.
The better-than-expected earnings report and positive FY25 guidance are likely to boost investor confidence, leading to a short-term increase in the stock price. The strong performance in the Learning and Research segments, along with the beat on adjusted EPS, further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100