Wayfair (W) Scheduled to Post Quarterly Earnings on Friday

Wayfair (NYSE:W) will release its earnings data before the market opens on Friday, November 1st. Analysts expect Wayfair to post earnings of $0.15 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the business earned ($1.27) EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect Wayfair to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Wayfair Stock Down 2.4 %

Wayfair stock opened at $45.32 on Friday. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of -8.57 and a beta of 3.42. The business has a 50-day simple moving average of $48.77 and a 200 day simple moving average of $53.19. Wayfair has a 52 week low of $38.02 and a 52 week high of $76.18.

Insiders Place Their Bets

In other Wayfair news, CFO Kate Gulliver sold 7,330 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.05, for a total value of $388,856.50. Following the completion of the sale, the chief financial officer now directly owns 117,947 shares in the company, valued at $6,257,088.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Wayfair news, CFO Kate Gulliver sold 7,330 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total value of $388,856.50. Following the completion of the transaction, the chief financial officer now owns 117,947 shares in the company, valued at approximately $6,257,088.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Netzer sold 1,011 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at $7,502,054.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,891 shares of company stock worth $2,007,213. 26.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on W shares. The Goldman Sachs Group decreased their price objective on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. UBS Group lowered their price objective on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Wayfair from $80.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Wayfair from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $70.00 price objective on shares of Wayfair in a report on Thursday, September 26th. Twelve analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and an average price target of $65.20.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.