Wall Street analysts predict that Wayfair Inc (NYSE:W) will announce $1.96 billion in sales for the current fiscal quarter, Zacks reports. Thirteen analysts have made estimates for Wayfair’s earnings, with the lowest sales estimate coming in at $1.93 billion and the highest estimate coming in at $1.98 billion. Wayfair reported sales of $1.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 36.1%. The company is expected to announce its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Wayfair will report full-year sales of $6.73 billion for the current financial year, with estimates ranging from $6.68 billion to $6.76 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.81 billion, with estimates ranging from $8.45 billion to $9.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Wayfair.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted ($0.65) EPS. Wayfair’s quarterly revenue was up 42.4% compared to the same quarter last year.

Several research firms have commented on W. William Blair reissued a “market perform” rating on shares of Wayfair in a research report on Monday, November 5th. Robert W. Baird increased their price target on shares of Wayfair to $118.00 and gave the company a “neutral” rating in a research report on Friday, August 3rd. Canaccord Genuity reissued a “buy” rating and set a $140.00 price target (up from $135.00) on shares of Wayfair in a research report on Thursday, August 2nd. Gordon Haskett lowered shares of Wayfair from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley set a $105.00 price target on shares of Wayfair and gave the company a “hold” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair has a consensus rating of “Hold” and a consensus price target of $126.06.

In related news, CEO Niraj Shah sold 17,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $128.91, for a total value of $2,191,470.00. Following the completion of the transaction, the chief executive officer now directly owns 89,703 shares of the company’s stock, valued at approximately $11,563,613.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael D. Fleisher sold 4,520 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $121.12, for a total transaction of $547,462.40. The disclosure for this sale can be found here. Insiders sold a total of 413,689 shares of company stock valued at $55,578,422 over the last ninety days. 37.75% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Wayfair by 32.9% during the 3rd quarter. Legal & General Group Plc now owns 34,190 shares of the company’s stock worth $5,049,000 after buying an additional 8,466 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in Wayfair during the 3rd quarter worth approximately $251,000. Teachers Advisors LLC raised its position in Wayfair by 0.4% during the 3rd quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock worth $23,399,000 after buying an additional 691 shares during the last quarter. Alpine Global Management LLC purchased a new position in Wayfair during the 3rd quarter worth approximately $242,000. Finally, JS Capital Management LLC purchased a new position in Wayfair during the 3rd quarter worth approximately $103,000. 70.89% of the stock is owned by institutional investors.

Wayfair stock traded up $1.95 during midday trading on Tuesday, hitting $84.55. 2,687,808 shares of the company’s stock were exchanged, compared to its average volume of 1,772,193. Wayfair has a 12 month low of $60.53 and a 12 month high of $151.20. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of -30.20 and a beta of 1.84.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Earnings History and Estimates for Wayfair (NYSE:W)

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