Equities analysts expect that Wayfair Inc (NYSE:W) will report earnings per share (EPS) of ($0.71) for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Wayfair’s earnings, with the lowest EPS estimate coming in at ($0.82) and the highest estimate coming in at ($0.51). Wayfair reported earnings per share of ($0.26) during the same quarter last year, which would suggest a negative year-over-year growth rate of 173.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, August 2nd.
According to Zacks, analysts expect that Wayfair will report full year earnings of ($3.05) per share for the current fiscal year, with EPS estimates ranging from ($3.40) to ($2.41). For the next year, analysts expect that the business will post earnings of ($2.33) per share, with EPS estimates ranging from ($3.10) to ($1.37). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Wayfair.
Wayfair (NYSE:W) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.90) by ($0.01). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.73%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned ($0.48) earnings per share. The company’s quarterly revenue was up 46.2% compared to the same quarter last year.
Several brokerages have commented on W. Robert W. Baird boosted their price target on shares of Wayfair from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 19th. Buckingham Research boosted their price objective on shares of Wayfair from $95.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, June 20th. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 price objective (up from $96.00) on shares of Wayfair in a research note on Wednesday, June 27th. Loop Capital set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Monday, March 26th. Finally, Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Monday, April 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $101.17.
In other Wayfair news, insider Steve Oblak sold 3,570 shares of the 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 transaction, the insider now owns 114,581 shares in the company, valued at approximately $13,557,223.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO James Savarese sold 1,836 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $66.78, for a total transaction of $122,608.08. Following the transaction, the chief operating officer now owns 550,676 shares in the company, valued at approximately $36,774,143.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,778 shares of company stock worth $11,226,909. 37.75% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the business. Spruce House Investment Management LLC grew its position in shares of Wayfair by 40.0% during the 1st quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock worth $236,355,000 after purchasing an additional 1,000,000 shares in the last quarter. Carmignac Gestion grew its position in shares of Wayfair by 230.3% during the 1st quarter. Carmignac Gestion now owns 2,661,902 shares of the company’s stock worth $179,758,000 after purchasing an additional 1,855,970 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Wayfair by 16.0% during the 1st quarter. Baillie Gifford & Co. now owns 2,365,049 shares of the company’s stock worth $159,711,000 after purchasing an additional 326,612 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Wayfair by 36.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,272,300 shares of the company’s stock worth $102,128,000 after purchasing an additional 341,900 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Wayfair by 1,724.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock worth $88,439,000 after purchasing an additional 1,041,371 shares in the last quarter. Hedge funds and other institutional investors own 75.21% of the company’s stock.
NYSE:W traded down $3.53 on Friday, hitting $117.17. 1,743,759 shares of the company’s stock were exchanged, compared to its average volume of 1,825,700. 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 52 week low of $55.33 and a 52 week high of $122.53. The stock has a market capitalization of $10.79 billion, a PE ratio of -41.20 and a beta of 1.55.
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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