Wall Street brokerages forecast that Wayfair Inc (NYSE:W) will announce $1.66 billion in sales for the current quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for Wayfair’s earnings. The lowest sales estimate is $1.63 billion and the highest is $1.70 billion. Wayfair reported sales of $1.20 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.3%. The company is expected to issue its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Wayfair will report full-year sales of $6.66 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.78 billion. For the next fiscal year, analysts expect that the business will post sales of $8.63 billion per share, with estimates ranging from $8.30 billion to $8.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Wayfair.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.04). Wayfair had a negative net margin of 6.28% and a negative return on equity of 31,507.11%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was up 47.4% compared to the same quarter last year.

Several brokerages have recently weighed in on W. Loop Capital set a $155.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Monday, September 10th. Canaccord Genuity increased their price objective on shares of Wayfair from $95.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Oppenheimer increased their price objective on shares of Wayfair to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. Buckingham Research increased their price objective on shares of Wayfair from $137.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $121.50.

Shares of NYSE W traded up $1.26 during trading on Friday, reaching $143.49. 37,521 shares of the company traded hands, compared to its average volume of 1,195,479. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of -2.47. The company has a market cap of $13.44 billion, a PE ratio of -51.07 and a beta of 1.51. Wayfair has a 52-week low of $55.33 and a 52-week high of $151.20.

In related news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $111.37, for a total value of $66,822.00. Following the completion of the transaction, the insider now directly owns 42,507 shares of the company’s stock, valued at $4,734,004.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO James Savarese sold 99,570 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $150.18, for a total transaction of $14,953,422.60. Following the completion of the transaction, the chief operating officer now directly owns 458,056 shares of the company’s stock, valued at $68,790,850.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 370,550 shares of company stock worth $48,675,451. Company insiders own 37.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in shares of Wayfair by 60.6% during the first quarter. SG Americas Securities LLC now owns 8,614 shares of the company’s stock valued at $582,000 after purchasing an additional 3,251 shares during the period. Swiss National Bank boosted its stake in shares of Wayfair by 5.4% during the first quarter. Swiss National Bank now owns 68,900 shares of the company’s stock valued at $4,653,000 after purchasing an additional 3,500 shares during the period. Eaton Vance Management boosted its stake in shares of Wayfair by 56.4% during the first quarter. Eaton Vance Management now owns 41,337 shares of the company’s stock valued at $2,791,000 after purchasing an additional 14,900 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Wayfair by 16.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 150,061 shares of the company’s stock valued at $10,134,000 after purchasing an additional 21,342 shares during the period. Finally, Aperio Group LLC boosted its stake in shares of Wayfair by 17.0% during the first quarter. Aperio Group LLC now owns 4,677 shares of the company’s stock valued at $316,000 after purchasing an additional 679 shares during the period. 72.44% of the stock is owned by hedge funds and other institutional investors.

About Wayfair

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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