Recap: John Wiley & Sons Q1 Earnings

John Wiley & Sons WLY reported its Q1 earnings results on Wednesday, September 7, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

John Wiley & Sons missed estimated earnings by 46.27%, reporting an EPS of $0.36 versus an estimate of $0.67.

Revenue was down $819 thousand from the same period last year.

Last quarter the company beat on EPS by $0.11 which was followed by a 7.07% drop in the share price the next day.

Here's a look at John Wiley & Sons's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.97	0.93	1	0.37
EPS Actual	1.08	0.95	1.29	0.54
Revenue Estimate	558.60M	514.60M	520.85M	468.45M
Revenue Actual	545.65M	515.88M	533.00M	488.39M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

John Wiley & Sons management provided guidance for FY 2023, expecting earnings between $3.7 and $4.05 per share.

To track all earnings releases for John Wiley & Sons visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.