Equities analysts expect Wayfair Inc. (NYSE:W) to report sales of $1.19 billion for the current quarter, Zacks reports. Two analysts have made estimates for Wayfair’s earnings, with the highest sales estimate coming in at $1.20 billion and the lowest estimate coming in at $1.18 billion. Wayfair posted sales of $861.53 million in the same quarter last year, which suggests a positive year over year growth rate of 38.1%. The company is expected to issue its next earnings report on Tuesday, November 14th.
On average, analysts expect that Wayfair will report full-year sales of $1.19 billion for the current year, with estimates ranging from $4.27 billion to $4.58 billion. For the next financial year, analysts anticipate that the business will post sales of $5.63 billion per share, with estimates ranging from $5.26 billion to $5.92 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Wayfair.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.43. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same period last year, the company earned ($0.43) EPS.
A number of research analysts have commented on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Wolfe Research reiterated an “outperform” rating on shares of Wayfair in a research note on Wednesday. Credit Suisse Group increased their price objective on Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wedbush reiterated a “buy” rating on shares of Wayfair in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $69.15.
In related news, insider Edmond Macri sold 1,560 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $61.24, for a total value of $95,534.40. Following the completion of the sale, the insider now owns 2,756 shares in the company, valued at $168,777.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Niraj Shah sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $63.97, for a total transaction of $2,558,800.00. Following the completion of the sale, the chief executive officer now owns 209,319 shares of the company’s stock, valued at approximately $13,390,136.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 722,808 shares of company stock worth $52,990,225. Corporate insiders own 63.94% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares during the last quarter. First Personal Financial Services increased its stake in shares of Wayfair by 12.8% in the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock worth $215,000 after buying an additional 317 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Wayfair by 2.1% in the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock worth $1,365,000 after buying an additional 709 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Wayfair by 18.9% in the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after buying an additional 779 shares during the last quarter.
Wayfair (W) traded down 3.58% during midday trading on Friday, hitting $72.82. The stock had a trading volume of 1,890,211 shares. The firm has a 50-day moving average of $75.55 and a 200-day moving average of $54.28. The company’s market cap is $6.31 billion. Wayfair has a 12-month low of $27.60 and a 12-month high of $80.40.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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