Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions

Wayfair W is gearing up to release its second-quarter earnings before the market opens on August 4, with expectations of surpassing Street estimates for both sales and profitability.On Monday, Bank of America Securities analyst Curtis Nagle reiterated a Neutral rating on Wayfair, setting a price forecast of $60. Nagle’s projection of $3.15 billion in second-quarter sales surpasses the Street’s consensus of $3.12 billion.This more bullish outlook is attributed to stronger-than-expected industry trends, incre ...