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 ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" strategy, aiming for quicker profits through trending stocks [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their growth potential does not justify high valuations [1] - A safer approach is to invest in bargain stocks that exhibit recent price momentum, identified through tools like the Zacks Momentum Style Score [2] Group 2: Wayfair (W) Stock Analysis - Wayfair (W) has shown a four-week price change of 14.8%, indicating growing investor interest [2] - The stock gained 8.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [3] - Wayfair has a high beta of 3.32, suggesting it moves 232% higher than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - Wayfair has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [3] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [4] - Wayfair is trading at a Price-to-Sales ratio of 0.57, indicating it is relatively cheap at present, as investors pay only 57 cents for each dollar of sales [4] Group 4: Additional Investment Opportunities - Besides Wayfair, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which could be considered for investment [5] - The Zacks Premium Screens offer over 45 strategies to help identify potential winning stocks based on various investing styles [5]

Wayfair (W) reported a fourth-quarter 2023 non-GAAP loss of 11 cents per share, narrower than the Zacks Consensus Estimate for a loss of 23 cents per share. The company reported a loss of $1.71 per share in the year-ago quarter.Net revenues of $3.11 billion surpassed the consensus mark by 0.5%. The top line increased 0.4% year over year.Growth in the active customer base positively impacted results. Active customers were up 1.4% year over year to 22.4 million and beat the consensus mark by 0.51%.LTM net rev ...

Key TakeawaysWayfair reported that it added customers and reduced expenses, helping it post better-than-expected fourth-quarter results.The online furnishing retailer's adjusted net loss was narrower than forecast, while its revenue for the latest quarter beat estimates.CEO Niraj Shah said Wayfair benefited from job cuts and other steps to improve efficiencies.Wayfair Inc. (W) shares jumped Thursday after the online home furnishing retailer posted a lower-than-expected net loss as it cut costs and added cus ...

Wayfair's leaders say several recent rounds of layoffs have made the company better and better. In January, the home goods company laid off 13% of its workforce, affecting 1,650 employees. The leaders say the smaller staff has helped the company get more done faster — and cheaper.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're ...