$3.39 Billion in Sales Expected for Wayfair Inc. (NYSE:W) This Quarter

Wall Street brokerages expect Wayfair Inc. (NYSE:W) to post $3.39 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Wayfair’s earnings, with estimates ranging from $3.29 billion to $3.70 billion. Wayfair reported sales of $3.67 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.6%. The company is scheduled to announce its next earnings report on Thursday, February 24th.

According to Zacks, analysts expect that Wayfair will report full-year sales of $13.84 billion for the current year, with estimates ranging from $13.75 billion to $14.13 billion. For the next financial year, analysts forecast that the business will post sales of $15.72 billion, with estimates ranging from $14.13 billion to $18.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Wayfair.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 4th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.13. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Wayfair had a net margin of 0.67% and a negative return on equity of 10.52%. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 earnings per share.

Several research firms have recently commented on W. Argus lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Monday, November 15th. Credit Suisse Group reduced their target price on shares of Wayfair from $380.00 to $321.00 and set an “outperform” rating on the stock in a report on Monday, November 1st. Barclays reduced their target price on shares of Wayfair from $337.00 to $301.00 and set an “equal weight” rating on the stock in a report on Monday, November 8th. Morgan Stanley raised their price objective on shares of Wayfair from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, November 8th. Finally, Citigroup cut their price objective on shares of Wayfair from $225.00 to $200.00 and set a “sell” rating on the stock in a report on Monday, November 8th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Wayfair currently has a consensus rating of “Hold” and a consensus target price of $302.58.

In related news, insider Steve Oblak sold 1,944 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $276.92, for a total value of $538,332.48. Following the sale, the insider now directly owns 144,794 shares in the company, valued at approximately $40,096,354.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Choe acquired 10,000 shares of the company’s stock in a transaction dated Monday, November 22nd. The shares were bought at an average cost of $258.98 per share, with a total value of $2,589,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 20,763 shares of company stock worth $5,159,974. 27.53% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of W. Activest Wealth Management acquired a new stake in shares of Wayfair during the 2nd quarter valued at approximately $33,000. Quadrant Capital Group LLC increased its position in Wayfair by 55.4% in the second quarter. Quadrant Capital Group LLC now owns 129 shares of the company’s stock worth $41,000 after buying an additional 46 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Wayfair in the second quarter worth $47,000. Ameritas Investment Company LLC acquired a new stake in Wayfair in the first quarter worth $51,000. Finally, Destiny Wealth Partners LLC acquired a new stake in Wayfair in the third quarter worth $51,000. 83.90% of the stock is currently owned by institutional investors and hedge funds.

W stock traded up $19.52 during mid-day trading on Monday, hitting $279.32. 1,896,173 shares of the company were exchanged, compared to its average volume of 1,557,967. The business has a fifty day simple moving average of $254.85 and a 200-day simple moving average of $281.56. Wayfair has a 12-month low of $222.28 and a 12-month high of $369.00. The firm has a market capitalization of $29.20 billion, a P/E ratio of 358.11 and a beta of 2.92.

Wayfair Company Profile

Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites.

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Earnings History and Estimates for Wayfair (NYSE:W)

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