Equities analysts expect that Wayfair Inc. (NYSE:W) will post earnings per share (EPS) of $0.25 for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Wayfair’s earnings, with the lowest EPS estimate coming in at ($0.37) and the highest estimate coming in at $1.19. Wayfair posted earnings per share of ($2.30) in the same quarter last year, which suggests a positive year over year growth rate of 110.9%. The company is scheduled to issue its next earnings results before the market opens on Thursday, May 6th.
On average, analysts expect that Wayfair will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $0.87 to $5.10. For the next year, analysts expect that the firm will report earnings of $5.03 per share, with EPS estimates ranging from $3.04 to $9.62. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Wayfair.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, February 25th. The company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.88. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business posted ($2.80) earnings per share.
W has been the topic of a number of research reports. DA Davidson raised their price objective on Wayfair from $325.00 to $450.00 in a report on Wednesday, March 31st. Deutsche Bank Aktiengesellschaft cut their price objective on Wayfair from $325.00 to $295.00 and set a “buy” rating on the stock in a research report on Friday, February 26th. Truist upgraded Wayfair from a “hold” rating to a “buy” rating and lifted their price target for the company from $315.00 to $370.00 in a research report on Monday, March 1st. Credit Suisse Group boosted their target price on Wayfair from $321.00 to $326.00 and gave the stock an “outperform” rating in a report on Thursday, March 4th. Finally, Citigroup boosted their target price on Wayfair from $230.00 to $250.00 in a report on Tuesday, March 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $294.16.
Shares of NYSE W traded down $12.00 during trading hours on Wednesday, reaching $315.49. 37,366 shares of the stock traded hands, compared to its average volume of 2,003,003. The company has a market capitalization of $32.68 billion, a P/E ratio of -45.46, a price-to-earnings-growth ratio of 98.63 and a beta of 3.43. Wayfair has a 52-week low of $73.02 and a 52-week high of $369.00. The company’s 50-day simple moving average is $313.79 and its two-hundred day simple moving average is $282.30.
In other news, COO Thomas Netzer sold 161 shares of the stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $306.58, for a total value of $49,359.38. Following the sale, the chief operating officer now directly owns 19,498 shares in the company, valued at $5,977,696.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edmond Macri sold 1,346 shares of the stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $301.77, for a total value of $406,182.42. Following the completion of the sale, the insider now owns 3,202 shares in the company, valued at $966,267.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,019 shares of company stock worth $32,424,667. Company insiders own 30.86% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in Wayfair by 20.9% during the 4th quarter. California Public Employees Retirement System now owns 168,874 shares of the company’s stock worth $38,133,000 after purchasing an additional 29,164 shares during the period. Highland Capital Management LLC purchased a new position in Wayfair during the 4th quarter worth $1,979,000. NuWave Investment Management LLC boosted its position in Wayfair by 309.8% during the 4th quarter. NuWave Investment Management LLC now owns 4,614 shares of the company’s stock valued at $1,042,000 after acquiring an additional 3,488 shares in the last quarter. Renaissance Technologies LLC boosted its position in Wayfair by 36.9% during the 4th quarter. Renaissance Technologies LLC now owns 629,900 shares of the company’s stock valued at $142,238,000 after acquiring an additional 169,800 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its position in Wayfair by 18.1% during the 4th quarter. IFM Investors Pty Ltd now owns 6,167 shares of the company’s stock valued at $1,393,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 81.27% of the company’s stock.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, dÃ©cor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
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