Zacks: Analysts Expect Wayfair Inc (W) to Announce -$0.71 Earnings Per Share

Analysts expect Wayfair Inc (NYSE:W) to announce ($0.71) earnings per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Wayfair’s earnings, with estimates ranging from ($0.82) to ($0.51). Wayfair reported earnings of ($0.26) per share during the same quarter last year, which would indicate a negative year over year growth rate of 173.1%. The firm is expected to issue its next earnings results before the market opens on Thursday, August 2nd.

On average, analysts expect that Wayfair will report full-year earnings of ($3.05) per share for the current year, with EPS estimates ranging from ($3.40) to ($2.41). For the next fiscal year, analysts forecast that the company 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 averages are a mean average based on a survey of sell-side analysts that follow Wayfair.

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

Several equities research analysts have recently issued reports on W shares. DA Davidson downgraded Wayfair from a “neutral” rating to an “underperform” rating and set a $65.00 price target on the stock. in a research report on Friday, March 16th. Loop Capital set a $87.00 price target on Wayfair and gave the company a “buy” rating in a research report on Monday, March 26th. ValuEngine raised Wayfair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Morgan Stanley started coverage on Wayfair in a research report on Wednesday, April 25th. They issued an “equal weight” rating and a $75.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Hold” and an average target price of $101.17.

Shares of NYSE:W traded down $3.53 during midday trading on Friday, hitting $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 cap of $10.79 billion, a P/E ratio of -41.20 and a beta of 1.55. Wayfair has a fifty-two week low of $55.33 and a fifty-two week high of $122.53. 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 other Wayfair news, insider Steve Oblak sold 3,570 shares of the firm’s stock in a transaction dated Friday, July 6th. The shares were sold at an average price of $118.32, for a total transaction of $422,402.40. Following the completion of the transaction, the insider now owns 114,581 shares in the company, valued at $13,557,223.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO James Savarese sold 1,836 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $36,774,143.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,778 shares of company stock valued at $11,226,909. Corporate insiders own 37.75% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. bought a new position in shares of Wayfair in the fourth quarter valued at approximately $256,000. Brown Advisory Inc. bought a new position in shares of Wayfair in the fourth quarter valued at approximately $290,000. Geode Capital Management LLC increased its holdings in shares of Wayfair by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 332,163 shares of the company’s stock valued at $26,662,000 after purchasing an additional 15,916 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Wayfair in the fourth quarter valued at approximately $215,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Wayfair by 1,724.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock valued at $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.

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.

Get a free copy of the Zacks research report on Wayfair (W)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wayfair (NYSE:W)

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply