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 • Total net revenue of $2.7 billion, decreased $45 million, down 1.6% year ove ...

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 ...

Evercore ISI upgraded Wayfair Inc (NYSE:W) stock to "outperform" from "in line" and lifted its price objective to $80 from $65 this morning. The brokerage firm highlighted the e-commerce name's potential to steal market share as the home furnishing business recovers. At last check, W is 3.9% higher at $64.83.The $72 level has acted as a ceiling for the equity since September, more recently rejecting its late March rally. Meanwhile, the 20-day moving average has guided shares higher. Now on track to snap a t ...

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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 ...

jetcityimage Summary Readers may find my previous coverage via this link. My previous rating was a buy as I believed Wayfair (NYSE:W) was trading at an attractive valuation and that its financials were all moving in the right direction (revenue is growing, and gross and EBITDA margins are also expanding). Furthermore, W was gaining significant market share. I am reiterating my buy rating for W as I expect the business to continue to gain share due to consumers shifting towards digital purchases vs. offline ...

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 ...