-$0.49 Earnings Per Share Expected for Wayfair Inc. (W) This Quarter

Brokerages expect Wayfair Inc. (NYSE:W) to report earnings of ($0.49) per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Wayfair’s earnings. The lowest EPS estimate is ($0.57) and the highest is ($0.18). Wayfair posted earnings of ($0.34) per share in the same quarter last year, which would indicate a negative year over year growth rate of 44.1%. The firm is expected to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Wayfair will report full year earnings of ($1.83) per share for the current fiscal year, with EPS estimates ranging from ($1.97) to ($1.21). For the next year, analysts expect that the company will report earnings of ($1.28) per share, with EPS estimates ranging from ($1.83) to ($0.92). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Wayfair.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company’s revenue was up 39.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.54) EPS.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Wedbush cut their target price on shares of Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Wayfair in a research note on Friday, November 3rd. Citigroup cut their target price on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Finally, Robert W. Baird cut their target price on shares of Wayfair from $73.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Wayfair has a consensus rating of “Buy” and a consensus target price of $76.01.

In other Wayfair news, Director Michael Andrew Kumin sold 7,231 shares of Wayfair stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $68.47, for a total value of $495,106.57. Following the completion of the transaction, the director now directly owns 156,439 shares of the company’s stock, valued at $10,711,378.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Champlin Mulliken sold 700 shares of Wayfair stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $68.19, for a total transaction of $47,733.00. Following the completion of the transaction, the insider now directly owns 184,738 shares of the company’s stock, valued at $12,597,284.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,307 shares of company stock valued at $4,646,421. 56.93% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. First Personal Financial Services raised its holdings in shares of Wayfair by 12.8% during the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after purchasing an additional 317 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 valued at $105,000 after purchasing an additional 667 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Wayfair by 18.9% during the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock valued at $377,000 after purchasing an additional 779 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Wayfair by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after purchasing an additional 800 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in shares of Wayfair by 0.7% during the second quarter. Ingalls & Snyder LLC now owns 114,751 shares of the company’s stock valued at $8,822,000 after purchasing an additional 825 shares during the last quarter. 66.95% of the stock is owned by institutional investors and hedge funds.

Shares of Wayfair (NYSE W) traded down $0.29 on Friday, hitting $68.76. 890,600 shares of the stock were exchanged, compared to its average volume of 1,540,928. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair has a 52-week low of $33.60 and a 52-week high of $84.19.

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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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