John Wiley (NYSE:WLY) surged in trading on Thursday after the company’s Q4 revenues exceeded estimates. The company posted Fiscal Q4 revenues of $468.5 million, a decline of around 11% year-over-year, but above consensus estimates of $438.7 million.
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The publishing company reported fourth-quarter adjusted earnings of $0.46 per diluted share, compared to earnings of $1.22 per diluted share in the same period last year. This fell short of analysts’ estimates of $0.81 per share.
The company’s management stated that it was “seeing significant interest” in using its content to train AI and machine learning models. Overall, FY24 was a “transition year” for the company as it divested some of its assets and restructured the organization amid cost-cutting efforts.
WLY’s FY25 Outlook
In FY25, Wiley has projected adjusted revenues in the range of $1.65 billion to $1.69 billion, while adjusted earnings are likely to be between $3.25 and $3.60 per share. Furthermore, the company has projected free cash flows of around $125 million, while adjusted EBITDA is projected to be in the range of $385 million to $410 million.
What Is John Wiley’s Stock Prediction?
None of the Wall Street analysts have covered the WLY stock over the past three months. Year-to-date, WLY stock has surged by more than 25%.
