NEW YORK (TheStreet) -- John Wiley & Sons (JW.A) shares are falling, down 1.7% to $61.94, in trading on Tuesday following the release of the global academic publishing company's third quarter earnings results before the opening bell today.
The company reported mixed financial results during the quarter, beating analysts' earnings expectations for the period but failing to meet revenue guidance.
The company earned a profit of $42.5 million in the previous quarter, or 99 cents per diluted share on an adjusted basis, on revenue of $465.9 million. Analysts on average were expecting the company to report earnings of 98 cents per share on revenue of $478 million.
For the year the company forecast earnings to be between $3.25 and $3.35, ahead of analysts' $3.20 expectations for the year.
TheStreet Ratings team rates WILEY (JOHN) & SONS as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate WILEY (JOHN) & SONS (JW.A) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: JW.A Ratings Report