-$0.51 Earnings Per Share Expected for Wayfair Inc (W) This Quarter

Equities analysts expect Wayfair Inc (NYSE:W) to post earnings of ($0.51) per share for the current quarter, according to Zacks. Eight analysts have made estimates for Wayfair’s earnings. The lowest EPS estimate is ($0.57) and the highest is ($0.44). Wayfair reported earnings of ($0.34) per share during the same quarter last year, which would indicate a negative year over year growth rate of 50%. The firm is expected to report its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Wayfair will report full-year earnings of ($1.91) per share for the current financial year, with EPS estimates ranging from ($1.97) to ($1.84). For the next year, analysts expect that the firm will post earnings of ($1.33) per share, with EPS estimates ranging from ($1.83) to ($0.93). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Wayfair.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.54) earnings per share.

W has been the topic of several recent research reports. KeyCorp reiterated a “hold” rating on shares of Wayfair in a report on Friday, September 29th. Wedbush reiterated an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Moffett Nathanson initiated coverage on Wayfair in a report on Monday, December 4th. They issued a “buy” rating on the stock. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $89.00 price target on shares of Wayfair in a report on Wednesday, December 13th. Twelve analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.64.

In other news, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $81.89, for a total transaction of $49,134.00. Following the transaction, the insider now owns 804 shares in the company, valued at approximately $65,839.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO John Champlin Mulliken sold 700 shares of Wayfair stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $57.01, for a total value of $39,907.00. Following the transaction, the chief technology officer now owns 185,128 shares in the company, valued at approximately $10,554,147.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,063 shares of company stock worth $3,781,360. Company insiders own 56.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares during the last quarter. Delta Asset Management LLC TN raised its position in Wayfair by 375.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after buying an additional 1,500 shares during the last quarter. Advisors Asset Management Inc. raised its position in Wayfair by 1,512.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after buying an additional 2,178 shares during the last quarter. Mohican Financial Management LLC acquired a new stake in Wayfair in the 3rd quarter valued at approximately $194,000. Finally, Stifel Financial Corp acquired a new stake in Wayfair in the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wayfair (NYSE W) opened at $85.58 on Tuesday. The stock has a market capitalization of $7,516.49, a PE ratio of -34.23 and a beta of 0.96. Wayfair has a 1-year low of $35.36 and a 1-year high of $88.06. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

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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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