John Wiley & Sons (JW-A) Reports In-Line Q4 EPS; Offers FY17 Outlook

John Wiley & Sons (NYSE: JW-A) reported Q4 EPS of $0.67, in-line with the analyst estimate of $0.67. Revenue for the quarter came in at $434.3 million versus the consensus estimate of $428.15 million.

Fiscal Year 2017 Outlook

Operationally, Wiley’s fiscal year 2017 outlook is for revenue to be flat and adjusted EPS to be down by mid single-digits excluding both foreign exchange and the favorable impact from shifting to time-based journal subscription agreements (+$37 million in revenue and +$0.42 in EPS). The revenue projection anticipates continued modest growth in Journals and double-digit growth in Solutions to be largely offset by further declines in Book publishing. The Adjusted EPS projection reflects marginally lower operating income due to the continued book decline and investment in Solutions growth, as well as higher taxes and an anticipated rate hike impact on interest expense.

For earnings history and earnings-related data on John Wiley & Sons (JW-A) click here.

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