Wayfair Inc (NYSE:W) Expected to Announce Earnings of -$2.51 Per Share

Equities analysts expect Wayfair Inc (NYSE:W) to announce ($2.51) earnings per share (EPS) for the current quarter, according to Zacks. Eleven analysts have made estimates for Wayfair’s earnings. The lowest EPS estimate is ($3.51) and the highest is ($1.04). Wayfair posted earnings per share of ($1.12) in the same quarter last year, which suggests a negative year-over-year growth rate of 124.1%. The firm is expected to issue its next earnings results on Friday, February 28th.

On average, analysts expect that Wayfair will report full year earnings of ($7.62) per share for the current financial year, with EPS estimates ranging from ($8.08) to ($6.09). For the next year, analysts expect that the firm will report earnings of ($8.36) per share, with EPS estimates ranging from ($10.89) to ($2.80). Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Wayfair.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, October 31st. The company reported ($2.23) earnings per share for the quarter, beating the consensus estimate of ($2.89) by $0.66. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.28) earnings per share.

Several research analysts recently weighed in on W shares. Argus raised Wayfair from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Monday. Needham & Company LLC lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Co reissued a “hold” rating and set a $85.00 price target on shares of Wayfair in a research report on Thursday, October 31st. Robert W. Baird dropped their price target on Wayfair from $150.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Goldman Sachs Group began coverage on Wayfair in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $145.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $135.96.

In other news, COO Thomas Netzer sold 4,955 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $73.94, for a total transaction of $366,372.70. Following the completion of the sale, the chief operating officer now owns 6,309 shares in the company, valued at approximately $466,487.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edmond Macri sold 300 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $133.24, for a total value of $39,972.00. Following the sale, the insider now owns 3,450 shares of the company’s stock, valued at approximately $459,678. The disclosure for this sale can be found here. Insiders sold 33,793 shares of company stock worth $3,689,992 in the last 90 days. Corporate insiders own 33.86% of the company’s stock.

Large investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new position in shares of Wayfair during the second quarter worth $25,000. Harvest Fund Management Co. Ltd purchased a new position in Wayfair in the second quarter worth $77,000. Macquarie Group Ltd. purchased a new position in Wayfair in the second quarter worth $88,000. Personal Wealth Partners purchased a new position in shares of Wayfair in the second quarter valued at $107,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Wayfair in the second quarter valued at $111,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

NYSE:W traded up $1.64 during trading hours on Tuesday, hitting $84.90. 30,287 shares of the company’s stock traded hands, compared to its average volume of 2,795,998. The firm has a market cap of $7.84 billion, a P/E ratio of -15.08 and a beta of 1.86. Wayfair has a twelve month low of $76.60 and a twelve month high of $173.72. The stock’s fifty day moving average price is $104.73 and its two-hundred day moving average price is $130.09.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Earnings History and Estimates for Wayfair (NYSE:W)

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