Wayfair Inc. (NYSE:W) is set to announce third quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, W to report 3Q20 income of $ 0.80 per share.
For the full year, analysts anticipate top line of $ 13868.40 million, while looking forward to income of $ 2.38 per share bottom line.
Previous Quarter Performance
Wayfair Inc. reported income for the second quarter of $ 3.13 per share, from the revenue of $ 4,305.00 million. The quarterly revenues increased 83.72 percent compared with the same quarter last year. Wall street analysts are predicting, W to report 2Q20 income of $ 0.95 per share from revenue of $ 4035.54 million. The bottom line results beat street analysts by $ 2.18 or 229.47 percent, at the same time, top line results outshined analysts by $ 269.46 million or 6.68 percent.
Stock Performance
Shares of Wayfair Inc. traded up $ 7.61 or 3.07 percent on Monday, reaching $ 255.64 with volume of 2.78 million shares. Wayfair Inc. has traded high as $ 262.00 and has cracked $ 248.41 on the downward trend
The closing price of $ 255.64, representing a 1,043.00 % increase from the 52 week low of $ 21.70 and a 28.95 % decrease over the 52 week high of $ 349.08.
The company has a market capital of $ 24.39 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 9th October 2020, upgraded by William Blair to Outperform from Market Perform rating.
- On 7th October 2020, maintained by Argus at Buy rating, with $ 360.00 target price.
- On 4th September 2020, downgraded by Bank of America to Neutral from Buy rating.
Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands.
