Wayfair (W) Expected to Post Earnings of -$0.64 Per Share

Brokerages forecast that Wayfair (NYSE:W) will report earnings of ($0.64) per share for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Wayfair’s earnings, with estimates ranging from ($0.82) to ($0.21). Wayfair reported earnings of ($0.26) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 146.2%. The company is expected to report its next earnings results on Tuesday, August 14th.

On average, analysts expect that Wayfair will report full year earnings of ($2.84) per share for the current year, with EPS estimates ranging from ($3.40) to ($0.95). For the next year, analysts expect that the firm will report earnings of ($2.01) per share, with EPS estimates ranging from ($3.10) to $0.45. Zacks’ EPS calculations are an average based on a survey of analysts that cover Wayfair.

Wayfair (NYSE:W) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.01). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.73%. The firm’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.48) earnings per share.

A number of research firms have weighed in on W. Piper Jaffray Companies restated an “overweight” rating and set a $112.00 price objective (up from $89.00) on shares of Wayfair in a research note on Thursday, February 15th. Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Monday, April 30th. ValuEngine upgraded shares of Wayfair from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Bank of America set a $100.00 price objective on shares of Wayfair and gave the company a “hold” rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Wayfair has a consensus rating of “Buy” and a consensus target price of $84.32.

In related news, insider Steven Conine sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $98.09, for a total value of $196,180.00. Following the transaction, the insider now owns 32,296 shares of the company’s stock, valued at $3,167,914.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $81.01, for a total transaction of $48,606.00. Following the completion of the transaction, the insider now directly owns 848 shares in the company, valued at approximately $68,696.48. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 13,600 shares of company stock worth $1,053,632 and have sold 73,901 shares worth $6,230,300. Company insiders own 37.75% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wayfair by 52.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after buying an additional 624 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Wayfair by 78.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after buying an additional 1,056 shares during the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Wayfair in the fourth quarter worth approximately $215,000. MANA Advisors LLC purchased a new position in shares of Wayfair in the fourth quarter worth approximately $219,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Wayfair in the fourth quarter worth approximately $224,000. 70.79% of the stock is currently owned by institutional investors.

Shares of Wayfair stock traded down $0.04 during trading on Tuesday, hitting $85.72. The company’s stock had a trading volume of 1,293,331 shares, compared to its average volume of 2,138,284. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of -30.61 and a beta of 1.39. The company has a debt-to-equity ratio of -3.30, a current ratio of 1.00 and a quick ratio of 0.95. Wayfair has a 52 week low of $55.33 and a 52 week high of $100.14.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Earnings History and Estimates for Wayfair (NYSE:W)

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