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John Wiley & Sons Inc.

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After reporting better-than-expected earnings for nine consecutive quarters, the company succumbed to negative earnings surprise in the second quarter of fiscal 2016. Adjusted earnings per share decreased 13.3% year over year to $0.78 and also missed the Zacks Consensus Estimate of $0.81 primarily due to high-margin journal backfile sale in the same period last year, increase in expenses due to ERP planning and deployment, and also investment in online program management. Given the gradual decline of print media, the company is transforming its business into a more digital services oriented one. In Oct 2015, the company declared the acquisition of Chartered Financial Analyst content as well as from The American College of Financial Services.

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