Wayfair Inc. (NYSE:W) – Wedbush increased their Q3 2017 EPS estimates for shares of Wayfair in a report released on Wednesday. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of ($0.70) for the quarter, up from their previous forecast of ($0.72). Wedbush has a “Outperform” rating and a $82.00 price target on the stock. Wedbush also issued estimates for Wayfair’s Q4 2017 earnings at ($0.37) EPS, FY2017 earnings at ($2.19) EPS, FY2018 earnings at ($1.27) EPS and FY2019 earnings at ($0.02) EPS.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.43) EPS. The business’s revenue was up 42.7% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: “Q3 2017 EPS Estimates for Wayfair Inc. Boosted by Analyst (W)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/06/q3-2017-eps-estimates-for-wayfair-inc-boosted-by-analyst-w.html.

W has been the topic of a number of other research reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $87.00 target price (up previously from $70.00) on shares of Wayfair in a report on Wednesday, June 14th. Maxim Group downgraded Wayfair from a “buy” rating to a “hold” rating and increased their target price for the company from $27.60 to $76.17 in a report on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and increased their target price for the company from $70.00 to $85.00 in a report on Tuesday, June 27th. Robert W. Baird reissued a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $77.07.

Wayfair (W) opened at 71.17 on Friday. The company’s market capitalization is $6.20 billion. Wayfair has a 52 week low of $27.60 and a 52 week high of $84.19. The firm’s 50-day moving average price is $72.94 and its 200 day moving average price is $64.92.

In related news, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $74.00, for a total transaction of $44,400.00. Following the sale, the insider now owns 756 shares of the company’s stock, valued at approximately $55,944. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steve Oblak sold 705 shares of Wayfair stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $76.41, for a total value of $53,869.05. Following the sale, the senior vice president now directly owns 121,254 shares in the company, valued at approximately $9,265,018.14. The disclosure for this sale can be found here. Insiders sold 763,751 shares of company stock worth $56,212,920 in the last ninety days. Corporate insiders own 56.93% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of W. Vanguard Group Inc. raised its stake in Wayfair by 16.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after purchasing an additional 423,631 shares during the period. Lord Abbett & CO. LLC bought a new stake in Wayfair during the 2nd quarter valued at approximately $27,345,000. Eventide Asset Management LLC raised its stake in Wayfair by 99.7% during the 1st quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock valued at $28,303,000 after purchasing an additional 349,000 shares during the period. Renaissance Technologies LLC raised its stake in Wayfair by 818.5% during the 2nd quarter. Renaissance Technologies LLC now owns 338,000 shares of the company’s stock valued at $25,985,000 after purchasing an additional 301,200 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Wayfair by 18,904.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock valued at $21,089,000 after purchasing an additional 272,796 shares during the period. 66.15% of the stock is currently owned by institutional investors.

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.

Earnings History and Estimates for Wayfair (NYSE:W)

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