Shares of Williams-Sonoma (NYSE: WSM) soared 7.38% in pre-market trading on Wednesday, as investors eagerly await the company's quarterly earnings report scheduled for release before the market opens. The significant uptick in stock price suggests that market participants are optimistic about the home goods retailer's financial performance.

Williams-Sonoma, known for its high-end kitchenware and home furnishings, is expected to report its latest quarterly results later today. Analysts are projecting earnings of $2.93 per share on revenue of $2.35 billion for the period. The company's stock closed at $172.28 on Tuesday, and the pre-market surge indicates growing investor confidence in potentially strong financial results.

The positive movement in Williams-Sonoma's stock price ahead of the earnings release could signal that some investors are anticipating the company to outperform analyst expectations. However, it's important to note that pre-market trading can be volatile, and the stock's performance may change once the actual earnings are announced and the regular trading session begins. Market participants will be closely watching for any guidance or commentary from the company regarding its outlook for the coming quarters, especially given the current economic climate and consumer spending trends in the home goods sector.