Wayfair (W) Expected to Announce Quarterly Sales of $1.59 Billion

Equities analysts expect that Wayfair (NYSE:W) will post $1.59 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Wayfair’s earnings. The highest sales estimate is $1.64 billion and the lowest is $1.56 billion. Wayfair posted sales of $1.12 billion in the same quarter last year, which would indicate a positive year over year growth rate of 42%. The company is expected to issue its next quarterly earnings results on Tuesday, August 14th.

On average, analysts expect that Wayfair will report full-year sales of $6.49 billion for the current financial year, with estimates ranging from $5.99 billion to $6.74 billion. For the next year, analysts expect that the business will post sales of $8.30 billion per share, with estimates ranging from $7.43 billion to $8.94 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Wayfair.

Wayfair (NYSE:W) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.90) by ($0.01). Wayfair had a negative net margin of 5.73% and a negative return on equity of 31,507.11%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company posted ($0.48) EPS. The firm’s quarterly revenue was up 46.2% on a year-over-year basis.



A number of research analysts have issued reports on the stock. Bank of America set a $100.00 target price on shares of Wayfair and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Wedbush restated a “buy” rating and set a $98.00 target price (up previously from $86.00) on shares of Wayfair in a research report on Tuesday, February 20th. Piper Jaffray Companies restated an “overweight” rating and set a $112.00 target price (up previously from $89.00) on shares of Wayfair in a research report on Thursday, February 15th. Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair has a consensus rating of “Buy” and a consensus target price of $84.32.

Wayfair traded down $0.04, reaching $85.72, on Thursday, according to Marketbeat. The company had a trading volume of 1,293,331 shares, compared to its average volume of 2,138,284. Wayfair has a fifty-two week low of $55.33 and a fifty-two week high of $100.14. The firm has a market cap of $7.63 billion, a P/E ratio of -30.61 and a beta of 1.39. The company has a debt-to-equity ratio of -3.30, a quick ratio of 0.95 and a current ratio of 1.00.

In related news, insider Steven Conine sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $98.09, for a total value of $196,180.00. Following the completion of the transaction, the insider now owns 32,296 shares of the company’s stock, valued at approximately $3,167,914.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edmond Macri sold 600 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $81.01, for a total transaction of $48,606.00. Following the completion of the transaction, the insider now directly owns 848 shares of the company’s stock, valued at approximately $68,696.48. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 13,600 shares of company stock worth $1,053,632 and have sold 73,901 shares worth $6,230,300. Company insiders own 37.75% of the company’s stock.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after purchasing an additional 624 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock valued at $193,000 after purchasing an additional 1,056 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in Wayfair in the 4th quarter valued at approximately $215,000. MANA Advisors LLC bought a new position in Wayfair in the 4th quarter valued at approximately $219,000. Finally, State of Alaska Department of Revenue bought a new position in Wayfair in the 4th quarter valued at approximately $224,000. 70.79% of the stock is owned by institutional investors and hedge funds.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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