Wayfair Inc (W) Expected to Post Quarterly Sales of $1.60 Billion

Analysts expect that Wayfair Inc (NYSE:W) will report $1.60 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Wayfair’s earnings. The lowest sales estimate is $1.56 billion and the highest is $1.64 billion. Wayfair reported sales of $1.12 billion during the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, August 2nd.

On average, analysts expect that Wayfair will report full-year sales of $6.55 billion for the current fiscal year, with estimates ranging from $6.38 billion to $6.74 billion. For the next year, analysts anticipate that the company will report sales of $8.40 billion per share, with estimates ranging from $7.96 billion to $8.94 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Wayfair.

Wayfair (NYSE:W) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.90) by ($0.01). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Wayfair had a negative net margin of 5.73% and a negative return on equity of 31,507.11%. The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) earnings per share.



W has been the topic of several recent analyst reports. ValuEngine raised shares of Wayfair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Wedbush downgraded shares of Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research report on Monday, April 30th. DA Davidson cut their price objective on shares of Wayfair to $55.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 25th. Oppenheimer increased their price objective on shares of Wayfair to $120.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. Finally, Morgan Stanley initiated coverage on shares of Wayfair in a research report on Wednesday, April 25th. They set an “equal weight” rating and a $75.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Wayfair presently has an average rating of “Hold” and a consensus target price of $101.17.

In other Wayfair news, insider Steve Oblak sold 3,570 shares of the firm’s stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $118.32, for a total transaction of $422,402.40. Following the sale, the insider now owns 114,581 shares in the company, valued at approximately $13,557,223.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $116.29, for a total transaction of $69,774.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,778 shares of company stock worth $11,226,909. 37.75% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC grew its holdings in Wayfair by 7.3% during the 4th quarter. Guggenheim Capital LLC now owns 9,629 shares of the company’s stock valued at $773,000 after buying an additional 654 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Wayfair by 19.8% in the fourth quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock valued at $323,000 after purchasing an additional 666 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Wayfair by 17.0% in the first quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock valued at $316,000 after purchasing an additional 679 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Wayfair by 26.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,734 shares of the company’s stock valued at $253,000 after purchasing an additional 772 shares in the last quarter. Finally, First Mercantile Trust Co. grew its holdings in shares of Wayfair by 16.7% in the first quarter. First Mercantile Trust Co. now owns 7,700 shares of the company’s stock valued at $520,000 after purchasing an additional 1,100 shares in the last quarter. 75.21% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:W traded down $3.53 during midday trading on Friday, reaching $117.17. The company’s stock had a trading volume of 1,743,759 shares, compared to its average volume of 1,825,700. The company has a market capitalization of $10.79 billion, a PE ratio of -41.20 and a beta of 1.55. The company has a debt-to-equity ratio of -3.30, a current ratio of 1.00 and a quick ratio of 0.95. Wayfair has a 12-month low of $55.33 and a 12-month high of $122.53.

Wayfair Company Profile

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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Earnings History and Estimates for Wayfair (NYSE:W)

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