Brokerages forecast that Wayfair Inc. (NYSE:W) will report $1.36 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Wayfair’s earnings, with the highest sales estimate coming in at $1.37 billion and the lowest estimate coming in at $1.35 billion. Wayfair posted sales of $984.56 million in the same quarter last year, which would indicate a positive year over year growth rate of 38.1%. The business is expected to issue its next earnings results on Thursday, February 22nd.

On average, analysts expect that Wayfair will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $4.61 billion to $4.71 billion. For the next year, analysts forecast that the business will report sales of $5.99 billion per share, with estimates ranging from $5.86 billion to $6.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Wayfair.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same period last year, the company earned ($0.54) EPS.

Several equities research analysts have recently weighed in on the company. Buckingham Research reissued a “buy” rating and set a $95.00 target price on shares of Wayfair in a research report on Thursday, August 10th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the company a “buy” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. set a $88.00 price target on Wayfair and gave the company a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target on shares of Wayfair in a report on Sunday, October 1st. Finally, Citigroup Inc. dropped their target price on Wayfair from $80.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $76.01.

In related news, insider Steven Conine sold 36,060 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.57, for a total transaction of $2,544,754.20. Following the completion of the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $714,874.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edmond Macri sold 1,570 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.70, for a total transaction of $110,999.00. Following the transaction, the insider now directly owns 2,758 shares of the company’s stock, valued at approximately $194,990.60. The disclosure for this sale can be found here. Insiders have sold a total of 341,989 shares of company stock worth $23,669,543 in the last quarter. 56.93% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of W. Bank of New York Mellon Corp raised its position in shares of Wayfair by 331.0% during the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after buying an additional 448,390 shares during the last quarter. Vanguard Group Inc. boosted its stake in Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after buying an additional 423,631 shares during the period. Lord Abbett & CO. LLC purchased a new position in Wayfair during the second quarter worth $27,345,000. Renaissance Technologies LLC boosted its stake in Wayfair by 818.5% during the second quarter. Renaissance Technologies LLC now owns 338,000 shares of the company’s stock worth $25,985,000 after buying an additional 301,200 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Wayfair by 18,904.8% during the second quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock worth $21,089,000 after buying an additional 272,796 shares during the period. Institutional investors and hedge funds own 66.32% of the company’s stock.

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Wayfair (NYSE:W) opened at $60.26 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair has a twelve month low of $27.60 and a twelve month high of $84.19.

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.

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Earnings History and Estimates for Wayfair (NYSE:W)

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