-$0.27 EPS Expected for Wayfair Inc. (W) This Quarter
Equities analysts expect Wayfair Inc. (NYSE:W) to announce ($0.27) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Wayfair’s earnings. The lowest EPS estimate is ($0.51) and the highest is ($0.17). Wayfair posted earnings per share of ($0.34) during the same quarter last year, which suggests a positive year over year growth rate of 20.6%. The company is scheduled to issue its next earnings results on Thursday, February 22nd.
On average, analysts expect that Wayfair will report full-year earnings of ($1.48) per share for the current fiscal year, with EPS estimates ranging from ($1.90) to ($1.21). For the next year, analysts anticipate that the firm will post earnings of ($0.82) per share, with EPS estimates ranging from ($1.83) to ($0.33). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Wayfair.
Wayfair (NYSE:W) last posted its earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company’s revenue was up 39.1% on a year-over-year basis. During the same period last year, the firm posted ($0.54) EPS.
Several analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $88.00 target price on shares of Wayfair in a report on Wednesday, September 13th. DA Davidson assumed coverage on shares of Wayfair in a report on Wednesday, September 13th. They issued a “neutral” rating and a $78.00 target price on the stock. BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Buckingham Research reiterated a “buy” rating and issued a $95.00 price objective (up previously from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.01.
In related news, SVP Steve Oblak sold 805 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.68, for a total value of $56,897.40. Following the completion of the sale, the senior vice president now directly owns 120,534 shares in the company, valued at $8,519,343.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Niraj Shah sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $76.65, for a total transaction of $4,215,750.00. Following the completion of the sale, the chief executive officer now owns 72,630 shares of the company’s stock, valued at $5,567,089.50. The disclosure for this sale can be found here. In the last three months, insiders sold 397,589 shares of company stock valued at $27,928,955. Company insiders own 56.93% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in W. BNP Paribas Arbitrage SA grew its holdings in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. UBS Group AG grew its holdings in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after purchasing an additional 960 shares during the period. Delta Asset Management LLC TN grew its holdings in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Wayfair during the first quarter worth approximately $137,000. Finally, First Mercantile Trust Co. purchased a new stake in Wayfair during the second quarter worth approximately $138,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.
Wayfair (NYSE:W) traded down $2.07 during midday trading on Monday, hitting $65.43. 1,093,342 shares of the company were exchanged, compared to its average volume of 2,450,000. Wayfair has a 1 year low of $27.60 and a 1 year high of $84.19. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.
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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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