Wayfair (W) Q2 Earnings and Revenues Lag Estimates

分组1 - Wayfair reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share, but showing an improvement from $0.21 per share a year ago, resulting in an earnings surprise of -6% [1] - The company's revenues for the quarter ended June 2024 were $3.12 billion, which was 1.99% below the Zacks Consensus Estimate and a decrease from $3.17 billion year-over-year [1] - Over the last four quarters, Wayfair has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] 分组2 - The stock has underperformed the market, losing about 11.8% since the beginning of the year compared to the S&P 500's gain of 15.8% [2] - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $3 billion, and for the current fiscal year, it is $1.13 on revenues of $12.14 billion [4] - The Internet - Commerce industry, to which Wayfair belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5]