Williams-Sonoma Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Williams-Sonoma, Inc. (NYSE:WSM) is expected to report lower Q3 earnings at $3.35 per share compared to $3.72 per share a year ago, with revenue estimated at $1.96 billion. The company's shares rose 2.1% to close at $161.39 recently. Analysts from Evercore ISI Group, JP Morgan, Wells Fargo, Wedbush, and Barclays have made recent price target changes, with varying ratings from 'In-Line' to 'Underweight' and price targets ranging from $123 to $150.
November 16, 2023 | 8:51 am
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Williams-Sonoma is anticipated to report lower Q3 earnings, which could pressure the stock. However, recent price target increases by analysts may provide some support.
Lower earnings typically lead to negative investor sentiment, but the stock has recently gained, and analyst price target increases suggest a mixed outlook. The exact impact will depend on the final earnings report and market interpretation of the analysts' ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100