Wayfair Q2 2024 Adj. EPS $0.47 Misses $0.49 Estimate, Sales $3.117B Miss $3.179B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wayfair (NYSE:W) reported Q2 2024 earnings per share of $0.47, missing the analyst estimate of $0.49. Sales were $3.117 billion, also below the $3.179 billion estimate and down 1.70% from the same period last year.
August 01, 2024 | 11:01 am
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Wayfair's Q2 2024 earnings and sales both missed analyst estimates, with EPS at $0.47 vs. $0.49 expected and sales at $3.117 billion vs. $3.179 billion expected. Sales also decreased by 1.70% year-over-year.
Wayfair's earnings and sales both missing estimates is likely to negatively impact the stock price in the short term. The miss on both EPS and sales, along with a year-over-year sales decline, suggests potential concerns about the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100