Overview
Home goods retailer's Q4 revenue of $3.3 bln met analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Outlook
Wayfair did not provide specific guidance for future quarters or years
Result Drivers
U.S. REVENUE GROWTH - Wayfair's U.S. net revenue increased by 7.4% year-over-year, contributing significantly to overall revenue growth
REPEAT ORDERS - Repeat customers placed 79.1% of total orders delivered in Q4, with repeat orders increasing by 3.5% year-over-year
GERMAN MARKET EXIT - Excluding the impact of exiting the German market, total net revenue grew 7.8% year-over-year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Meet | $3.30 bln | $3.30 bln (27 Analysts) |
Q4 Adjusted EPS | Beat | $0.85 | $0.66 (25 Analysts) |
Q4 EPS | -$0.89 | ||
Q4 Net Income | -$116 mln | ||
Q4 Adjusted EBITDA | Beat | $224 mln | $198.73 mln (26 Analysts) |
Q4 Gross Profit | $1 bln | ||
Q4 Operating Cash Flow | $145 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy"
Wall Street's median 12-month price target for Wayfair Inc is $115.00, about 25.7% above its February 18 closing price of $91.48
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 39 three months ago
Press Release: ID:nPn95wGJwa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)