Wayfair (NYSE:W – Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Wayfair to post earnings of $0.50 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Wayfair (NYSE:W – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.11. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.64 billion. On average, analysts expect Wayfair to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Wayfair Stock Performance
Shares of NYSE W opened at $54.05 on Wednesday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of -10.08 and a beta of 3.43. The stock has a 50 day moving average price of $54.59 and a 200 day moving average price of $57.26. Wayfair has a 52-week low of $38.37 and a 52-week high of $90.71.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on W
Insider Transactions at Wayfair
In other news, insider Jon Blotner sold 4,395 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $56.09, for a total transaction of $246,515.55. Following the sale, the insider now directly owns 43,926 shares of the company’s stock, valued at approximately $2,463,809.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jon Blotner sold 4,395 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $56.09, for a total value of $246,515.55. Following the transaction, the insider now directly owns 43,926 shares of the company’s stock, valued at approximately $2,463,809.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Fiona Tan sold 8,036 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $50.64, for a total transaction of $406,943.04. Following the completion of the transaction, the chief technology officer now directly owns 64,074 shares in the company, valued at $3,244,707.36. The disclosure for this sale can be found here. Insiders have sold a total of 60,030 shares of company stock valued at $3,327,414 in the last ninety days. 26.81% of the stock is currently 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.
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