Equities research analysts expect that Wayfair Inc. (NYSE:W) will announce earnings per share of ($0.44) for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Wayfair’s earnings, with the highest EPS estimate coming in at ($0.28) and the lowest estimate coming in at ($0.49). Wayfair reported earnings per share of ($0.54) in the same quarter last year, which suggests a positive year over year growth rate of 18.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Wayfair will report full-year earnings of ($1.44) per share for the current fiscal year, with EPS estimates ranging from ($1.61) to ($1.21). For the next financial year, analysts anticipate that the business will post earnings of ($0.75) per share, with EPS estimates ranging from ($1.30) to ($0.37). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Wayfair.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned ($0.43) earnings per share. The company’s revenue for the quarter was up 42.7% on a year-over-year basis.

A number of brokerages recently commented on W. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the stock a “buy” rating in a research note on Friday, July 28th. Buckingham Research reiterated a “buy” rating and issued a $95.00 price target on shares of Wayfair in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity reissued a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research report on Sunday. Finally, Gordon Haskett lowered shares of Wayfair from a “buy” rating to an “accumulate” rating and upped their price objective for the stock from $70.00 to $85.00 in a report on Tuesday, June 27th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Wayfair presently has an average rating of “Buy” and an average target price of $74.07.

Shares of Wayfair (W) traded up 1.31% during trading on Friday, hitting $68.28. The stock had a trading volume of 997,136 shares. The firm has a 50-day moving average price of $73.34 and a 200 day moving average price of $62.21. The company’s market capitalization is $5.95 billion. Wayfair has a 52 week low of $27.60 and a 52 week high of $84.19.

In other news, insider Steven Conine sold 55,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $76.63, for a total value of $4,214,650.00. Following the completion of the sale, the insider now directly owns 55,000 shares in the company, valued at approximately $4,214,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edmond Macri sold 600 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $71.51, for a total value of $42,906.00. Following the completion of the sale, the insider now owns 500 shares of the company’s stock, valued at $35,755. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 813,278 shares of company stock worth $59,952,809. Company insiders own 56.93% of the company’s stock.

Several hedge funds have recently made changes to their positions in W. BNP Paribas Arbitrage SA raised its stake in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. UBS Group AG lifted its holdings in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Wayfair in the first quarter worth $110,000. FNY Partners Fund LP lifted its holdings in shares of Wayfair by 2,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the company’s stock worth $121,000 after buying an additional 2,900 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Wayfair in the first quarter worth $137,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.

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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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Earnings History and Estimates for Wayfair (NYSE:W)

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