Equities research analysts expect Wayfair Inc. (NYSE:W) to post sales of $1.36 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Wayfair’s earnings, with the lowest sales estimate coming in at $1.35 billion and the highest estimate coming in at $1.37 billion. Wayfair reported sales of $984.56 million in the same quarter last year, which indicates a positive year over year growth rate of 38.1%. The business is scheduled to report its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Wayfair will report full-year sales of $1.36 billion for the current financial year, with estimates ranging from $4.61 billion to $4.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.02 billion per share, with estimates ranging from $5.91 billion to $6.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Wayfair.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.54) earnings per share.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reissued a “buy” rating and set a $89.00 target price on shares of Wayfair in a research note on Friday, September 8th. Oppenheimer set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a research note on Wednesday, October 18th. Wedbush reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Wayfair in a research note on Wednesday, October 4th. Finally, Gordon Haskett raised shares of Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $76.22.

Wayfair (NYSE:W) traded up $3.08 on Friday, reaching $79.26. The company’s stock had a trading volume of 2,064,636 shares, compared to its average volume of 1,533,648. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a 12-month low of $34.30 and a 12-month high of $84.19.

In related news, insider Steven Conine sold 1,226 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $64.08, for a total value of $78,562.08. Following the completion of the sale, the insider now owns 61,641 shares in the company, valued at $3,949,955.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edmond Macri sold 600 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $73.84, for a total transaction of $44,304.00. Following the completion of the sale, the insider now owns 756 shares of the company’s stock, valued at approximately $55,823.04. The disclosure for this sale can be found here. Insiders have sold 39,800 shares of company stock valued at $2,774,564 over the last 90 days. Corporate insiders own 56.93% of the company’s stock.

A number of large investors have recently bought and sold shares of W. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% during 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 in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Wayfair in the second quarter valued at approximately $138,000. Delta Asset Management LLC TN increased its holdings in shares of Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of Wayfair in the second quarter valued at approximately $208,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

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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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