Wayfair Result: W Stocks Walloped 13% of Q4 Profit Miss

<p>Wayfair (NYSE: W) revenues for the online furniture retailer’s fourth quarter 2019 have the W share suffering a defeat on Friday. This is due to its adjusted earnings per share of – $ 2.80 missing Wall Street estimate – $ 2.65. But at least the company’s revenue of $ 2.53 billion falls in line with what analysts expected.

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Let’s take a closer look at the latest Wayfair results report.

Adjusted losses per share are 150% wider than – $ 1.12 during the fourth quarter of 2018. Revenue for the quarter is 25.87% higher than $ 2.01 billion during the same period last year. An operating loss of $ 305.42 million is 135.65% worse than $ 129.61 million in the fourth quarter last year. Wayfair’s earnings report also includes a net loss of $ 330.22 million. This is a 129.56% increase in net loss from – $ 143.85 million reported during the same period last year.

Niraj Shah, co-founder, co-chairman and CEO of Wayfair, had this to say about the W share earnings report:

“We are pleased to end another year of significant growth with net sales up 35% compared to the same period last year, as our loyal and growing customer base continues to choose Wayfair as the best place to shop at home.”

Wayfair’s earnings report does not include the company’s prospects for 2020. Still, we know what Wall Street appreciates. Analysts are looking for adjusted earnings per share of – $ 8.59 on revenue of $ 11.61 billion for the current year.

The W share decreased by 12.57% as of Friday afternoon.

At the time of writing, William White had no position in any of the above securities.

Article printed from InvestorPlace Media, https://investorplace.com/2020/02/wayfair-earnings-w-stock-walloped-12-by-q4-profit-miss/.

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