Wayfair Inc (W) Expected to Announce Quarterly Sales of $1.36 Billion

Equities analysts expect Wayfair Inc (NYSE:W) to post sales of $1.36 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for Wayfair’s earnings. The lowest sales estimate is $1.35 billion and the highest is $1.37 billion. Wayfair reported sales of $984.56 million in the same quarter last year, which would suggest a positive year over year growth rate of 38.1%. The business is expected to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Wayfair will report full-year sales of $1.36 billion for the current financial year, with estimates ranging from $4.61 billion to $4.66 billion. For the next year, analysts anticipate that the business will report sales of $6.02 billion per share, with estimates ranging from $5.91 billion to $6.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Wayfair.

Wayfair (NYSE:W) last issued its quarterly earnings data 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 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.54) EPS.

A number of brokerages have weighed in on W. Canaccord Genuity restated a “buy” rating and issued a $90.00 target price on shares of Wayfair in a research note on Sunday, October 1st. Piper Jaffray Companies set a $89.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Sunday, October 1st. Citigroup decreased their target price on Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. DA Davidson restated a “hold” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 3rd. Finally, Wedbush decreased their target price on Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $77.64.

In related news, CEO Niraj Shah sold 1,228 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total transaction of $78,592.00. Following the completion of the sale, the chief executive officer now directly owns 61,642 shares in the company, valued at approximately $3,945,088. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael D. Fleisher sold 4,707 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $67.08, for a total value of $315,745.56. Following the sale, the chief financial officer now owns 55,591 shares of the company’s stock, valued at $3,729,044.28. The disclosure for this sale can be found here. Insiders have sold a total of 55,318 shares of company stock worth $4,075,695 over the last quarter. Corporate insiders own 56.93% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Artisan Partners Limited Partnership purchased a new stake in Wayfair in the 3rd quarter worth approximately $81,855,000. Bank of New York Mellon Corp lifted its holdings in Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after buying an additional 448,390 shares during the period. Vanguard Group Inc. lifted its holdings in Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after buying an additional 423,631 shares during the period. Zevenbergen Capital Investments LLC lifted its holdings in Wayfair by 542.6% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 461,190 shares of the company’s stock worth $31,084,000 after buying an additional 389,420 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Wayfair in the 2nd quarter worth approximately $27,345,000. Institutional investors own 66.97% of the company’s stock.

Shares of Wayfair (NYSE:W) traded up $1.06 on Thursday, reaching $85.56. The company had a trading volume of 989,800 shares, compared to its average volume of 1,422,264. The stock has a market cap of $7,510.00, a PE ratio of -34.36 and a beta of 0.96. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a twelve month low of $35.36 and a twelve month high of $88.06.

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About Wayfair

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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