Update from Wayfair Inc. (W): A steady trajectory

Wayfair Inc. (NYSE: W) closed the day trading at $46.79 up 20.25% from the previous closing price of $38.91. In other words, the price has increased by $+7.88 from its previous closing price. On the day, 22018886 shares were traded. W stock price reached its highest trading level at $48.94 during the session, while it also had its lowest trading level at $41.57.

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For a better understanding of W, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00.

Upgrades & Downgrades

On January 17, 2023, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $30 to $35.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 18 when Oblak Steve sold 854 shares for $44.40 per share. The transaction valued at 37,918 led to the insider holds 183,941 shares of the business.

Tan Fiona sold 7,418 shares of W for $248,429 on Jan 04. The Chief Technology Officer now owns 41,925 shares after completing the transaction at $33.49 per share. On Jan 04, another insider, Oblak Steve, who serves as the Chief Commercial Officer of the company, sold 3,402 shares for $33.36 each. As a result, the insider received 113,491 and left with 181,795 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34.

Stock Price History:

Over the past 52 weeks, W has reached a high of $163.99, while it has fallen to a 52-week low of $28.11. The 50-Day Moving Average of the stock is 36.82, while the 200-Day Moving Average is calculated to be 51.14.

Shares Statistics:

Over the past 3-months, W traded about 4.39M shares per day on average, while over the past 10 days, W traded about 6.22M shares per day. A total of 106.00M shares are outstanding, with a floating share count of 72.78M. Shares short for W as of Oct 13, 2022 were 21.24M with a Short Ratio of 25.01M, compared to 20.19M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 19.97% and a Short% of Float of 38.01%.

Earnings Estimates

Current recommendations for the stock of the company come from 29 analysts. On average, analysts expect EPS of -$2.14 for the current quarter, with a high estimate of -$1.71 and a low estimate of -$3.71, while EPS last year was $0.14. The consensus estimate for the next quarter is -$1.61, with high estimates of -$0.81 and low estimates of -$2.72.

Analysts are recommending an EPS of between -$5.39 and -$8.27 for the fiscal current year, implying an average EPS of -$7.48. EPS for the following year is -$4.74, with 31 analysts recommending between -$2.38 and -$8.97.

Revenue Estimates

27 analysts predict $2.82B in revenue for the current quarter. It ranges from a high estimate of $3.02B to a low estimate of $2.66B. As of the current estimate, Wayfair Inc.’s year-ago sales were $3.12B, an estimated decrease of -9.70% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $3.05B, a decrease of -6.30% over than the figure of -$9.70% in the same quarter last year. There is a high estimate of $3.28B for the next quarter, whereas the lowest estimate is $2.8B.

A total of 30 analysts have provided revenue estimates for W’s current fiscal year. The highest revenue estimate was $12.54B, while the lowest revenue estimate was $11.73B, resulting in an average revenue estimate of $12.15B. In the same quarter a year ago, actual revenue was $13.71B, down -11.40% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $12.75B in the next fiscal year. The high estimate is $14.03B and the low estimate is $11.04B. The average revenue growth estimate for next year is up 4.90% from the average revenue estimate for this year.