Wayfair (W) to Release Quarterly Earnings on Thursday

Wayfair (NYSE:W - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $2.71 billion for the quarter.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.07 billion. On average, analysts expect Wayfair to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Wayfair Price Performance

NYSE:W opened at $31.01 on Tuesday. The firm has a market capitalization of $3.94 billion, a P/E ratio of -7.71 and a beta of 3.72. Wayfair has a 1-year low of $20.41 and a 1-year high of $76.18. The company's fifty day moving average price is $32.24 and its 200-day moving average price is $41.29.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on W shares. Citigroup raised their price target on shares of Wayfair from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday. Truist Financial decreased their price target on shares of Wayfair from $53.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus decreased their price target on shares of Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler set a $58.00 price target on shares of Wayfair and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, BMO Capital Markets lifted their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, February 21st. Sixteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.28.

Insider Buying and Selling

In other news, CTO Fiona Tan sold 23,835 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the transaction, the chief technology officer now directly owns 111,128 shares of the company's stock, valued at $3,547,205.76. The trade was a 17.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $46.33, for a total value of $1,389,900.00. Following the completion of the transaction, the insider now directly owns 559,073 shares in the company, valued at $25,901,852.09. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,863 shares of company stock worth $3,393,929. 21.91% of the stock is owned by corporate insiders.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.