Streetbeat News

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

40.09

Mkt cap

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

CVS Health will start selling Biomerica's EZ Detect Colorectal Disease Screening Test nationwide, boosting Biomerica's stock by 62%. Warner Bros. Discovery's Q2 earnings per share (EPS) and sales missed estimates, leading to a 6.7% stock drop. Wayfair's Q2 adjusted EPS and sales beat estimates, resulting in a 14.7% stock increase.

Portfolio Pulse from ryanfaloona@benzinga.com

August 04, 2023 | 1:16 pm

Wayfair (NYSE:W) reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $(0.67) by 131.34%. This is a 110.82% increase over losses of $(1.94) per share from the same period last year. The company also reported quarterly sales of $3.17 billion, beating the analyst consensus estimate of $3.10 billion by 2.29%. However, this is a 3.44% decrease over sales of $3.28 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:00 pm

US stock futures are pulling back due to Fitch's U.S. ratings downgrade and negative earnings news flow. Tech stocks like Apple and Amazon are under pressure as they are due to report their quarterly results. Analysts predict a 5% pullback in the stock market. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF declined. Stocks reacting to earnings include PayPal, Occidental Petroleum, Cheesecake Factory, DoorDash, Qualcomm, Qorvo, Etsy, and EVgo.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 12:52 pm

Wayfair (NYSE:W) is set to release its quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $-0.67. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. Wayfair's shares were trading at $75.9 as of August 1, with a 16.08% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:55 am

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Norwegian Cruise Line Holdings (NCLH), Foot Locker (FL), NIO Inc. (NIO), Carvana Co. (CVNA), Marriott International (MAR), QuantumScape Corporation (QS), Rivian Automotive (RIVN), Bloomin' Brands (BLMN), and Wayfair Inc. (W). The article provides detailed information about the call and put options, trade types, sentiments, expiration dates, strike prices, total trade prices, open interests, and volumes for each stock.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:35 pm

Wayfair Inc's shares are trading higher due to positive analyst coverage. Piper Sandler analyst upgraded Wayfair from a Neutral rating to an Overweight rating and raised the price target from $35 to $97. Other analysts also increased their price targets. Last week, Wayfair launched a new AI product, Decorify, which allows customers to reimagine their spaces based on their style preferences.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:10 pm

Piper Sandler analyst Peter Keith has upgraded Wayfair Inc (NYSE:W) from Neutral to Overweight and raised the price target from $35 to $97. Keith believes that Wayfair is on the verge of sustained EBITDA profitability, with the home furnishings industry stabilizing and Wayfair's sales improving. The company's Investor Day on August 10th is expected to provide investors with greater long-term confidence on profitability outlook.

Portfolio Pulse from Priya Nigam

July 31, 2023 | 3:43 pm

Analysts have provided various ratings for Wayfair (NYSE:W) within the last quarter, with a total of 10 bullish, 4 somewhat bullish, and 2 indifferent ratings. The average price target is $72.56, which is lower than the current price of $75.3228. This average has increased by 25.28% from the previous average price target of $57.92.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:01 pm

Piper Sandler has upgraded Wayfair's stock from Neutral to Overweight and raised the price target to $97 from $35. This has resulted in Wayfair shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 11:27 am

Piper Sandler analyst Peter Keith has upgraded Wayfair (NYSE:W) from Neutral to Overweight and raised the price target from $35 to $97.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 9:34 am

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