Brokerages Anticipate Wayfair Inc (W) to Announce -$0.51 EPS

Wall Street analysts expect Wayfair Inc (NYSE:W) to post earnings of ($0.51) per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Wayfair’s earnings, with estimates ranging from ($0.57) to ($0.44). Wayfair posted earnings per share of ($0.34) during the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is scheduled to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that Wayfair will report full-year earnings of ($1.91) per share for the current year, with EPS estimates ranging from ($1.97) to ($1.84). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.33) per share, with EPS estimates ranging from ($1.83) to ($0.93). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Wayfair.

Wayfair (NYSE:W) last posted its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The company had revenue of $1.20 billion during 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 firm’s quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.54) earnings per share.

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

Wayfair (NYSE W) opened at $85.58 on Tuesday. The stock has a market cap of $7,516.49, a price-to-earnings ratio of -34.23 and a beta of 0.96. Wayfair has a 1 year low of $35.36 and a 1 year high of $88.06. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.

In related news, insider John Champlin Mulliken sold 700 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $80.86, for a total transaction of $56,602.00. Following the completion of the sale, the insider now owns 55,126 shares of the company’s stock, valued at approximately $4,457,488.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edmond Macri sold 600 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $81.89, for a total transaction of $49,134.00. Following the sale, the insider now directly owns 804 shares of the company’s stock, valued at approximately $65,839.56. The disclosure for this sale can be found here. Insiders have sold 52,063 shares of company stock valued at $3,781,360 in the last three months. Corporate insiders own 56.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Wayfair by 1.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after acquiring an additional 800 shares in the last quarter. DF Dent & Co. Inc. grew its stake in Wayfair by 19.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock valued at $566,000 after acquiring an additional 1,343 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in Wayfair by 375.0% in the 3rd 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 last quarter. Finally, Aperio Group LLC boosted its holdings in Wayfair by 59.6% in the 3rd quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock valued at $304,000 after purchasing an additional 1,687 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

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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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