$0.79 EPS Expected for Wayfair Inc. (NYSE:W) This Quarter

Wall Street analysts predict that Wayfair Inc. (NYSE:W) will report earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Wayfair’s earnings, with estimates ranging from ($0.22) to $1.72. Wayfair reported earnings per share of $3.13 in the same quarter last year, which suggests a negative year over year growth rate of 74.8%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Wayfair will report full year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $0.87 to $7.21. For the next fiscal year, analysts forecast that the business will report earnings of $5.50 per share, with EPS estimates ranging from $3.04 to $9.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Wayfair.

Wayfair (NYSE:W) last released its earnings results on Thursday, May 6th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $1.69. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.35 billion. The company’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period last year, the firm earned ($2.30) EPS.

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Wayfair from $230.00 to $250.00 in a research report on Tuesday, March 2nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $260.00 target price (up previously from $250.00) on shares of Wayfair in a research report on Thursday, February 25th. Wedbush raised their price target on shares of Wayfair from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 31st. Cowen upped their price objective on shares of Wayfair from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Finally, Barclays increased their price target on Wayfair from $328.00 to $338.00 and gave the company an “equal weight” rating in a research note on Monday, May 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $315.52.

Shares of W opened at $300.00 on Tuesday. The stock has a market cap of $31.07 billion, a PE ratio of -42.98, a P/E/G ratio of 98.63 and a beta of 3.43. Wayfair has a 1-year low of $144.51 and a 1-year high of $369.00. The firm has a 50-day simple moving average of $316.02 and a two-hundred day simple moving average of $284.99.

In related news, insider Edmond Macri sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 1st. The stock was sold at an average price of $294.00, for a total transaction of $441,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James R. Miller sold 500 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $300.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief technology officer now owns 19,987 shares of the company’s stock, valued at $5,996,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,265 shares of company stock valued at $7,290,691. 30.86% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC grew its holdings in Wayfair by 7.5% during the first quarter. Sowell Financial Services LLC now owns 504 shares of the company’s stock valued at $144,000 after purchasing an additional 35 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Wayfair by 19.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 235 shares of the company’s stock worth $74,000 after purchasing an additional 38 shares in the last quarter. American International Group Inc. grew its holdings in shares of Wayfair by 2.3% in the 4th quarter. American International Group Inc. now owns 1,703 shares of the company’s stock valued at $385,000 after buying an additional 39 shares during the period. NEXT Financial Group Inc increased its position in shares of Wayfair by 13.2% in the 4th quarter. NEXT Financial Group Inc now owns 343 shares of the company’s stock valued at $78,000 after buying an additional 40 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Wayfair by 102.4% in the 1st quarter. Quadrant Capital Group LLC now owns 83 shares of the company’s stock valued at $26,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 81.27% of the company’s stock.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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Earnings History and Estimates for Wayfair (NYSE:W)

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