Brokerages expect that Wayfair Inc. (NYSE:W) will announce earnings of ($0.69) per share for the current quarter, Zacks reports. Seven analysts have made estimates for Wayfair’s earnings, with the lowest EPS estimate coming in at ($0.75) and the highest estimate coming in at ($0.52). Wayfair posted earnings of ($0.57) per share in the same quarter last year, which suggests a negative year over year growth rate of 21.1%. The business is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Wayfair will report full-year earnings of ($2.43) per share for the current fiscal year, with EPS estimates ranging from ($2.88) to ($1.96). For the next fiscal year, analysts forecast that the business will report earnings of ($1.66) per share, with EPS estimates ranging from ($2.10) to ($1.13). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Wayfair.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The firm had revenue of $960.80 million for the quarter, compared to analyst estimates of $934.84 million. During the same quarter last year, the company posted ($0.36) earnings per share. The business’s revenue was up 28.6% on a year-over-year basis.

Several research firms have commented on W. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a research report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the stock a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Buckingham Research restated a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair presently has a consensus rating of “Buy” and a consensus target price of $63.22.

In related news, insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $56.75, for a total value of $34,050.00. Following the completion of the sale, the insider now owns 756 shares in the company, valued at approximately $42,903. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael D. Fleisher sold 20,665 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $55.80, for a total transaction of $1,153,107.00. Following the completion of the sale, the chief financial officer now owns 56,565 shares of the company’s stock, valued at approximately $3,156,327. The disclosure for this sale can be found here. In the last 90 days, insiders sold 719,011 shares of company stock valued at $51,842,151. 63.94% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Wayfair by 1.8% in the first quarter. FMR LLC now owns 7,550,245 shares of the company’s stock valued at $305,709,000 after buying an additional 133,204 shares during the period. Vanguard Group Inc. increased its stake in shares of Wayfair by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,605,201 shares of the company’s stock valued at $105,484,000 after buying an additional 113,613 shares during the period. Spruce House Investment Management LLC purchased a new stake in shares of Wayfair during the first quarter valued at approximately $101,225,000. Baillie Gifford & Co. increased its stake in shares of Wayfair by 18.6% in the first quarter. Baillie Gifford & Co. now owns 1,812,214 shares of the company’s stock valued at $73,377,000 after buying an additional 284,599 shares during the period. Finally, Columbia Wanger Asset Management LLC purchased a new stake in shares of Wayfair during the first quarter valued at approximately $42,729,000.

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Wayfair (NYSE:W) traded down 0.52% during trading on Friday, hitting $79.94. The company had a trading volume of 826,446 shares. The company’s 50 day moving average price is $75.55 and its 200-day moving average price is $54.28. The company’s market cap is $6.92 billion. Wayfair has a 12 month low of $27.60 and a 12 month high of $82.19.

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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Earnings History and Estimates for Wayfair (NYSE:W)

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