Earnings Preview: What To Expect From Wayfair On Wednesday
Wayfair Inc. W is scheduled to report earnings before Wednesday’s open. The stock just hit a record high of $294.88/share in 2020 and is currently trading near $284/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Wayfair is expected to report earnings of $0.74/share on $3.73 billion in revenue. Meanwhile, the so-called Whisper number is $0.93. The Whisper number is the Street’s unofficial view on earnings.
Wayfair Inc. engages in the e-commerce business in the United States and internationally. It provides approximately eighteen million products for the home sector under various brands. The company offers selection of furniture, dÃ©cor, decorative accents, housewares, seasonal dÃ©cor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. Wayfair Inc. was founded in 2002 and is headquartered in Boston, Massachusetts.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.