This Analyst Lowers Williams-Sonoma's Estimates Ahead Of Q1 Earnings: Read Why
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Cristina Fernández reiterated an Outperform rating on Williams-Sonoma (NYSE:WSM) but lowered the price target to $135 from $140 ahead of Q1 earnings. The analyst expects subdued demand in 1Q23 due to an uncertain economy and high-interest rate environment. The analyst also lowered the 1Q23 EPS forecast to $2.40 from $2.48 and FY23 EPS to $13.20 from $13.60.
May 18, 2023 | 6:16 pm
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NEUTRAL IMPACT
Williams-Sonoma may grab market share in categories overlapping with Bed Bath & Beyond in 2H23, such as back-to-school, small appliances, and baby.
The mention of Bed Bath & Beyond in the article is passive and does not directly impact its stock price in the short term. However, it suggests that Williams-Sonoma may gain market share in overlapping categories in 2H23, which could have a neutral impact on Bed Bath & Beyond's stock.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Williams-Sonoma's price target lowered to $135 from $140 and EPS forecasts reduced ahead of Q1 earnings due to subdued demand and uncertain economy.
The analyst's lowered price target and EPS forecasts for Williams-Sonoma indicate a negative short-term impact on the stock. The subdued demand and uncertain economy are expected to affect the company's Q1 earnings, which could lead to a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100