Wayfair (W) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to loss of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.89%. A quarter ago, it was expected that this online home goods retailer would post a loss of $0.23 per share when it actually produced a loss of $0.11, delivering a surprise of 52.17%.Over the last four quarters, the company has ...

Exhibit 99.1 Wayfair Announces First Quarter 2024 Results, Reports Fourth Consecutive Quarter of Strong Profitability Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers BOSTON, MA — May 2, 2024 — Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights "The first quarter ended on an upswing," said Niraj Shah, CEO, co-founder and ...

Wayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street's expectations on the top and bottom lines and saw active customers grow nearly 3% compared to the year-ago period. Here's how Wayfair did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Loss per share: 32 cents adjusted vs. a loss of 44 cents expe ...

There might be a rebound happening even now.Betting on a recovery, investors have sent up Wayfair (W -3.84%) stock 75% over the past year. Most of that gain came during 2023, but the stock has held steady so far this year as investors wait to hear the next update from the online furniture seller.Wayfair stock is still down 82% from its highs, and it's still trading at a dirt cheap valuation of 0.6 times trailing-12-month sales. But 53% of 38 covering Wall Street analysts are saying to buy it right now, and ...

Group 1 - Evercore ISI upgraded Wayfair Inc (NYSE:W) stock to "outperform" from "in line" and raised its price target to $80 from $65, indicating confidence in the company's potential to gain market share as the home furnishing sector recovers [1] - Wayfair's stock is currently trading at $64.83, reflecting a 3.9% increase, and has risen over 88% in the last 12 months, suggesting strong performance [1] - The stock has faced resistance at the $72 level since September, and the 20-day moving average has been guiding shares higher, indicating a potential upward trend [1] Group 2 - Analysts remain cautious, with 13 out of 30 maintaining a "hold" rating, suggesting there is room for more bullish sentiment [1] - A significant portion of the stock, 24.9%, is sold short, which could lead to a short squeeze if the stock continues to rise, as it would take over a week for short sellers to cover their positions at the current trading pace [1] - The options market shows a bullish sentiment with a 10-day call/put volume ratio of 2.97, indicating strong demand for call options compared to puts [2] Group 3 - The current low volatility expectations in the options market, as indicated by a Schaeffer's Volatility Index (SVI) rating of 61%, suggest that premium players are anticipating stable price movements [2]

Group 1: Zacks Premium Overview - Zacks Premium offers various tools to help investors become more confident and informed, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which are indicators designed to assist investors in selecting stocks with the highest potential to outperform the market in the next 30 days [2] Group 2: Zacks Style Scores Categories - The Value Score focuses on identifying undervalued stocks by analyzing ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] - The Growth Score evaluates a company's financial health and future outlook by examining projected and historical earnings, sales, and cash flow [3] - The Momentum Score helps investors capitalize on price trends by analyzing one-week price changes and monthly earnings estimate changes [3] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [4] Group 3: Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [6] - Stocks with lower ranks, such as 4 (Sell) or 5 (Strong Sell), may still have good Style Scores but are likely to face downward price pressure due to negative earnings outlooks [6] Group 4: Company Spotlight - Wayfair Inc. - Wayfair Inc., based in Boston, is a leading online retailer of home goods, including furniture and decor [7] - Currently rated 3 (Hold) by Zacks, Wayfair has a VGM Score of A and a Momentum Style Score of A, with shares increasing by 5.6% over the past four weeks [7] - The company has seen five analysts revise their earnings estimates upward for fiscal 2024, with the Zacks Consensus Estimate rising by $0.02 to $0.81 per share, and an average earnings surprise of 71.9% [7]

Key PointsWayfair offers consumers a frictionless shopping and delivery experience at the click of a mouse instead of time-consuming trips to brick-and-mortar furniture stores.Wayfair gained market share in the furniture and home goods segment for the sixth consecutive quarter as competitor Home Goods shut down its online store in October 2023.Wayfair has a 17.4% short interest and has had short squeezes in the past.5 stocks we like better than WayfairWayfair Inc. NYSE: W is an e-commerce platform specializ ...

BOSTON, April 2, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced that it will release financial results for its first quarter ending March 31, 2024 before the opening of the market on May 2, 2024. Wayfair will host a conference call at 8 a.m. ET on Thursday, May 2 to review results. Investors and participants can register for the call in advance by visiting https://bit.ly/3VIr22A.  The call will also be available via live webcast at https://b ...

Core Viewpoint - Wayfair (NYSE: W) is expected to continue gaining market share as consumers shift towards digital purchases, supported by recent strategic initiatives despite lower-than-expected gross margins in the recent quarter [2][5][6] Financials/Valuation - Total revenues grew 0.4% year over year in 4Q23, slightly above the 0.1% expected by consensus, with US growth at 0.9% and international down 2.7% [3] - Gross margin performance exceeded expectations, coming in at 30.4% compared to the consensus estimate of 30.7%, leading to adjusted EBITDA of $92 million, aligning with a 3% margin [3] - Management expects mid-single-digit percentage net revenue growth for 1Q24, with gross margin projected between 30% and 31% and EBITDA margin in the low-single-digit percentage [3] - FY24 growth is now modeled at only 1% due to adverse conditions, but a recovery is anticipated in FY25 with high single-digit growth expected [4] - A 15x forward EBITDA multiple is applied to FY25 estimated EBITDA of $908 million, suggesting a share price of approximately $90, justified by faster growth compared to peers [4] Market Position and Strategic Initiatives - Wayfair has gained market share for six consecutive quarters, outperforming the overall home furnishings category, indicating a strong value proposition [5] - The company is well-positioned to capture market share due to its digitally native platform, benefiting from the shift in consumer demand from offline to online [5] - Recent strategic initiatives include the relaunch of free white glove delivery and a new tender-neutral loyalty program, aimed at improving customer satisfaction and retention [5][6] - The white glove delivery feature is expected to optimize unit economics and reduce the risk of damaged goods, enhancing customer experience [5] - The loyalty program aims to broaden customer engagement beyond those with Wayfair-branded credit cards, potentially increasing adoption rates [5] Margin Outlook - The long-term gross margin target of 35% remains valid, with expectations of margin recovery as the company scales and benefits from structural operating leverage [5] - Increased shipping times due to disruptions are not expected to significantly impact product availability, and container price increases have been manageable compared to previous years [5]

Unveiling a refreshed logo, a new take on the brand's iconic jingle, and more, the star-studded campaign inspires consumers to celebrate their personal home styles and needs, unapologeticallyBOSTON, March 11, 2024 /PRNewswire/ -- Wayfair Inc. (NYSE:W), one of the world's largest destinations for the home, today announced the launch of its new brand campaign, "Welcome to the Wayborhood." The campaign marks a pivotal moment in the ongoing evolution of the Wayfair brand as the company introduces a refreshed lo ...