What Happened: Shares of educational publishing company John Wiley & Sons (NYSE:WLY) jumped 11.1% in the morning session after the company reported third quarter results that beat analysts' revenue expectations. EPS guidance for the full was also above expectations, another big positive.
On the other hand, its full-year revenue guidance missed and its operating margin fell short of Wall Street's estimates. Overall, this was a mixed quarter for John Wiley & Sons, but the market seems to be shrugging off the negatives and focusing on the above-expectation guidance for EPS this coming year.
Is now the time to buy John Wiley & Sons? Find out by reading the original article on StockStory.
What is the market telling us: John Wiley & Sons's shares are not very volatile than the market average and over the last year have had only 5 moves greater than 5%. But moves this big are very rare even for John Wiley & Sons and that is indicating to us that this news had a significant impact on the market's perception of the business.
John Wiley & Sons is up 15.9% since the beginning of the year, but at $36.27 per share it is still trading 16.6% below its 52-week high of $43.51 from March 2023. Investors who bought $1,000 worth of John Wiley & Sons's shares 5 years ago would now be looking at an investment worth $808.30.