* Wayfair Inc reported a quarterly adjusted loss of 32 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $-1.13. The mean expectation of thirty two analysts for the quarter was for a loss of 44 cents per share. Wall Street expected results to range from $-1.42 to -13 cents per share.
* Revenue fell 1.6% to $2.73 billion from a year ago; analysts expected $2.64 billion.
* Wayfair Inc's reported EPS for the quarter was a loss of $2.07.
* The company reported a quarterly loss of $248 million.
* Wayfair Inc shares had fallen by 13.6% this quarter and lost 5.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 14.4% in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 18 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the department stores peer group is also "buy"
Wall Street's median 12-month price target for Wayfair Inc is $70.50 This summary was machine generated from LSEG data May 3 at 09:51 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.44 -0.32 Beat
Dec. 31 2023 -0.16 -0.11 Beat
Sep. 30 2023 -0.48 -0.13 Beat
Jun. 30 2023 -0.74 0.21 Beat
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