Wayfair (W) Reports Earnings Tomorrow: What To Expect

StockStory
04-30
Wayfair (W) Reports Earnings Tomorrow: What To Expect

Online home goods retailer Wayfair (NYSE:W) will be reporting earnings tomorrow before market hours. Here’s what to expect.

Wayfair beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $3.12 billion, flat year on year. It was a softer quarter for the company, with a significant miss of analysts’ number of active customers estimates. It reported 21.4 million active buyers, down 4.5% year on year.

Is Wayfair a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Wayfair’s revenue to be flat year on year at $2.71 billion, in line with the 1.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.20 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wayfair has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Wayfair’s peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Booking delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 3.6%, and Alphabet reported revenues up 12%, topping estimates by 1.2%. Alphabet traded up 1.8% following the results.

Read our full analysis of Booking’s results here and Alphabet’s results here.

Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Wayfair is down 4.7% during the same time and is heading into earnings with an average analyst price target of $47.77 (compared to the current share price of $30.44).

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