Brokerages expect Wayfair Inc (NYSE:W) to announce ($1.05) earnings per share for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Wayfair’s earnings, with estimates ranging from ($1.21) to ($0.57). Wayfair posted earnings of ($0.65) per share in the same quarter last year, which would suggest a negative year over year growth rate of 61.5%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Wayfair will report full year earnings of ($3.53) per share for the current year, with EPS estimates ranging from ($3.90) to ($2.39). For the next fiscal year, analysts anticipate that the business will post earnings of ($3.20) per share, with EPS estimates ranging from ($4.57) to ($1.36). Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Wayfair.

Wayfair (NYSE:W) last released its earnings results on Thursday, August 2nd. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 6.28%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 47.4% on a year-over-year basis.

W has been the subject of several recent analyst reports. Wedbush cut Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 target price for the company. in a research note on Monday, April 30th. DA Davidson cut their target price on Wayfair to $55.00 and set an “underperform” rating for the company in a research note on Wednesday, April 25th. Oppenheimer upped their target price on Wayfair to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Morgan Stanley initiated coverage on Wayfair in a research note on Wednesday, April 25th. They issued an “equal weight” rating and a $75.00 price target for the company. Finally, Ifs Securities cut Wayfair from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Wayfair presently has a consensus rating of “Hold” and an average price target of $112.82.

In related news, insider Steven Conine sold 1,145 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $121.19, for a total transaction of $138,762.55. Following the completion of the transaction, the insider now directly owns 60,653 shares of the company’s stock, valued at approximately $7,350,537.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael D. Fleisher sold 4,457 shares of the firm’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $86.62, for a total value of $386,065.34. Following the transaction, the chief financial officer now directly owns 88,489 shares of the company’s stock, valued at $7,664,917.18. The disclosure for this sale can be found here. Insiders sold a total of 217,886 shares of company stock valued at $25,097,986 over the last quarter. 37.75% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its position in Wayfair by 1.3% during the 2nd quarter. FMR LLC now owns 8,772,877 shares of the company’s stock worth $1,041,867,000 after purchasing an additional 108,514 shares during the last quarter. Spruce House Investment Management LLC grew its holdings in Wayfair by 40.0% during the 1st quarter. Spruce House Investment Management LLC now owns 3,500,000 shares of the company’s stock worth $236,355,000 after acquiring an additional 1,000,000 shares during the period. Baillie Gifford & Co. grew its holdings in Wayfair by 14.0% during the 2nd quarter. Baillie Gifford & Co. now owns 2,696,705 shares of the company’s stock worth $320,260,000 after acquiring an additional 331,656 shares during the period. Carmignac Gestion grew its holdings in Wayfair by 230.3% during the 1st quarter. Carmignac Gestion now owns 2,661,902 shares of the company’s stock worth $179,758,000 after acquiring an additional 1,855,970 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Wayfair by 3.9% during the 2nd quarter. Janus Henderson Group PLC now owns 2,409,863 shares of the company’s stock worth $286,195,000 after acquiring an additional 90,212 shares during the period. 74.93% of the stock is owned by institutional investors and hedge funds.

NYSE W traded up $0.63 on Friday, hitting $119.31. 860,000 shares of the company’s stock were exchanged, compared to its average volume of 1,792,661. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.89 and a quick ratio of 0.86. Wayfair has a 52 week low of $55.33 and a 52 week high of $128.44. The stock has a market capitalization of $11.07 billion, a PE ratio of -42.57 and a beta of 1.41.

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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